Shearman & Sterling advised P.H Glatfelter Company, a global supplier of specialty papers and engineered materials, on the $360 million sale of its Specialty Papers business unit to Lindsay Goldberg, a private equity firm. The divestiture serves to aid Glatfelter as it transforms into a leading global engineered materials company, focused on accelerating the growth potential of its Composite Fibers and Advanced Airlaid Materials business units.
Glatfelter, headquartered in York, Pennsylvania, is a global supplier of specialty papers and engineered materials with approximately 4,200 employees and customers in over 100 countries.
Lindsay Goldberg is a New York City private investment firm that focuses on partnering with families, founders and long-term oriented management teams seeking to actively build their businesses.
The Shearman & Sterling team below was supported by associate Allen Mack (New York-General Practice).