Glatfelter announces conclusion of regulatory process for the acquisition of georgia-pacific's u.s. nonwovens business

Charlotte, n.c., march 26, 2021 (globe newswire) -- glatfelter corporation (nyse: glt), a leading global supplier of engineered materials, today announced the antitrust regulatory process has concluded and it may now proceed with the previously announced acquisition of georgia-pacific's u.s. nonwovens business for $175 million. the transaction includes georgia-pacific's mount holly, north carolina airlaid manufacturing operation and an r&d center for nonwovens product development in memphis, tennessee, which collectively employ approximately 140 people.
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