11.10.24
Berry Global Group, Inc. announced the completion of the merger between its Health, Hygiene and Specialties Global Nonwovens and Films business (the “HHNF Business”) and Glatfelter Corporation, resulting in the creation of Magnera Corporation.
Under the previously disclosed terms of the transaction, on November 4, 2024, Berry completed the separation of the HHNF Business through a spin-off of all the outstanding shares of its wholly-owned subsidiary that owned the HHNF Business (“Spinco”) to its stockholders of record as of the close of business on November 1, 2024, by means of a pro rata distribution. Spinco was then merged into a wholly owned subsidiary of Magnera.
Meanwhile, Lenzing Nonwovens announced the expansion of its Lenzing Lyocell Dry fiber portfolio with two new cellulosic fibers – a fine dry fiber that delivers strength and softness and a coarse dry fiber that provides enhanced liquid and air flow. These two innovative products enable customers to confidently broaden their use of Lenzing’s wood-based and biodegradable fibers into a wider range of applications while maintaining exceptional performance.
Here are our top 3 most-viewed stories from the past week:
1. Berry Completes Spin-Off and Merger Between HHNF Business and Glatfelter
2. Lenzing Expands Nonwovens Range
3. Kimberly-Clark Introduces Scott Pet Guard Dog Pads
Under the previously disclosed terms of the transaction, on November 4, 2024, Berry completed the separation of the HHNF Business through a spin-off of all the outstanding shares of its wholly-owned subsidiary that owned the HHNF Business (“Spinco”) to its stockholders of record as of the close of business on November 1, 2024, by means of a pro rata distribution. Spinco was then merged into a wholly owned subsidiary of Magnera.
Meanwhile, Lenzing Nonwovens announced the expansion of its Lenzing Lyocell Dry fiber portfolio with two new cellulosic fibers – a fine dry fiber that delivers strength and softness and a coarse dry fiber that provides enhanced liquid and air flow. These two innovative products enable customers to confidently broaden their use of Lenzing’s wood-based and biodegradable fibers into a wider range of applications while maintaining exceptional performance.
Here are our top 3 most-viewed stories from the past week:
1. Berry Completes Spin-Off and Merger Between HHNF Business and Glatfelter
2. Lenzing Expands Nonwovens Range
3. Kimberly-Clark Introduces Scott Pet Guard Dog Pads
