02.11.24
Two of the world’s largest nonwovens producers are joining forces to add value to their shareholders and create innovative polymer- and fiber-based solutions to their customers. Berry Global Group and Glatfelter Corporation have formed a definitive agreement for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties (HHS) segment—including its global nonwovens and films business—with Glatfelter, a maker of airlaid and spunlaced nonwovens. The move will create a leading, publicly-traded company, now known as “NewCo,” in the specialty materials industry. The board of directors of both companies have unanimously approved the transaction.
Together, the two companies, which are both based in the U.S., operate 45 manufacturing sites globally, spanning a range of nonwovens and nonwovens-adjacent technologies focused strongly on healthcare, hygiene, wipes and specialty end markets. Following the deal, Berry shareholders will control 90% of the company. Curt Begel, president of Berry’s HHS business, will serve as CEO of the new company, while the upper management team will consist of a combination of Berry and Glatfelter executives. Combined revenues were reported at $3.6 billion.
Meanwhile, Natracare, a leading provider of plastic-free period products made with certified organic cotton, announces that its COSMOS Organic Certified Cleansing Makeup Remover Wipes have received certification from the Environmental Working Group (EWG). The EWG certification reinforces Natracare's commitment to providing consumers with safe, environmentally positive options.
Here are our top 3 most viewed stories from the past week:
1. Berry, Glatfelter Announce Merger
2. Natracare Makeup Remover Wipes Earn EWG Certification
3. Knix Launches Swim Collections with Leakproof Technology
Together, the two companies, which are both based in the U.S., operate 45 manufacturing sites globally, spanning a range of nonwovens and nonwovens-adjacent technologies focused strongly on healthcare, hygiene, wipes and specialty end markets. Following the deal, Berry shareholders will control 90% of the company. Curt Begel, president of Berry’s HHS business, will serve as CEO of the new company, while the upper management team will consist of a combination of Berry and Glatfelter executives. Combined revenues were reported at $3.6 billion.
Meanwhile, Natracare, a leading provider of plastic-free period products made with certified organic cotton, announces that its COSMOS Organic Certified Cleansing Makeup Remover Wipes have received certification from the Environmental Working Group (EWG). The EWG certification reinforces Natracare's commitment to providing consumers with safe, environmentally positive options.
Here are our top 3 most viewed stories from the past week:
1. Berry, Glatfelter Announce Merger
2. Natracare Makeup Remover Wipes Earn EWG Certification
3. Knix Launches Swim Collections with Leakproof Technology