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Georgia-Pacific Announces Sale of Nonwovens Business to Glatfelter

Georgia-Pacific sold Steinfurt GmbH, the company’s European nonwovens business, to Glatfelter for USD 185 million in 2018.

January 6, 2021

Georgia-Pacific
Georgia-Pacific to sell nonwovens business to Glatfelter

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.