Glatfelter announced it has completed the previously announced acquisition of Georgia-Pacific’s European nonwovens business for $185 million, subject to customary purchase price adjustments. The transaction includes Georgia-Pacific’s operations located in Steinfurt, Germany, along with sales offices located in France and Italy. The Steinfurt facility produces high-quality airlaid products for the table-top, wipes, hygiene, food pad, and other nonwoven materials markets, as well as other materials focused primarily on consumer applications. The Steinfurt facility is a state-of-the-art, 32,000-metric-ton-capacity manufacturing facility that employs approximately 220 people. Click read more below for additional detail.
Please be advised that NORPAC plans to increase the price of its 30# (48.8 gsm) standard newsprint by $20.00 per metric ton effective June 1, 2017. Prices for other newsprint basis weights will increase proportionally as per past practices.