Shearman & Sterling advised Glatfelter Corporation (NYSE: GLT) in connection with its agreement to acquire the Jacob Holm Group, a global leading manufacturer of premium quality spunlace nonwoven fabrics for critical cleaning, high-performance materials, personal care, hygiene and medical applications, for an enterprise value of approximately $308 million including the extinguishment of debt and subject to customary post-closing adjustments.
Glatfelter is a leading global supplier of engineered materials. Glatfelter’s high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, North Carolina, Glatfelter’s annualized net sales approximate $1 billion with customers in over 100 countries and approximately 2,550 employees worldwide.
The Shearman & Sterling team below included Jake Shaughnessy, Arshia Asif, Matthew Brown, Helen McKinney and Maeve Wilson.