SWM International Completes Acquisition of Scapa Group Plc
Schweitzer-Mauduit International, Inc. (SWM)
Last schweitzer-mauduit international, inc. earnings: 2/20 04:27 pm
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schweitzermauduitinternationalinc.gcs-web.com/investor-overview
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Source: GlobeNewswire
Alpharetta, GA, April 15, 2021 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. (“SWM” or the “Company”) (NYSE: SWM), announced today that it has finalized its acquisition of Scapa Group Plc, a UK-based innovation, design, and manufacturing solutions provider for healthcare and industrial markets. The newly combined company’s annualized sales are approaching $1.5 billion. The acquisition adds to SWM’s already extensive portfolio of precision engineered performance materials, significantly expands the Company’s innovation, design, and formulation capabilities, and brings a variety of new coating and converting technologies. The newly combined product and service offerings can be leveraged across SWM’s and Scapa’s global businesses to deliver best-in-class integrated solutions to customers. SWM CEO Dr. Jeffrey Kramer said, “The combination of Scapa and SWM results in a complementary global organization with robust design and manufacturing capabilities and signifi
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