Georgia-Pacific sold Steinfurt GmbH, the company’s European nonwovens business, to Glatfelter for USD 185 million in 2018.
January 6, 2021
Georgia-Pacific LLC announced that it has reached an agreement to sell their nonwovens business to Glatfelter, a leading global supplier of engineered materials, headquartered in Charlotte, North Carolina for USD 175 million.
The proposed transaction includes Georgia-Pacific’s nonwovens operations at Mt. Holly, North Carolina, which produces airlaid nonwoven material for commercial customers used to make table top, wiping, food pads, hygiene and related products, and a nonwovens pilot line in Memphis, Tennessee.
Current Georgia-Pacific nonwovens employees, totaling approximately 150 people, will become employees of Glatfelter at the time the deal closes.
