Mativ announces initiatives expected to reduce costs by $40 million

Alpharetta, ga.--(business wire)--commensurate with the recent divestiture of the company's engineered papers business, mativ holdings, inc. (nyse: matv) (“mativ” or the “company”) today announced organizational realignment initiatives that will streamline organizational size and complexity, and leverage business-critical resources to enhance customer support. as a result of these initiatives, the company expects to achieve an annualized run-rate of $20 million of overhead cost reduction in 202.
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