09.03.21
Atlanta, GA
www.gp.com
2020 Nonwovens Sales: $100 million
Processes
Airlaid
Georgia-Pacific has exited the airlaid nonwovens market through the sale of its U.S. operation to Glatfelter in May 2021. The $175 million deal included G-P’s Mount Holly, NC, airlaid manufacturing operation along with a nonwovens product development operation and associated employees in Memphis, TN, which collectively employ approximately 140 people. The Mount Holly facility produces high-quality airlaid products focused on wipes and table top materials. The new product development resources will enhance ongoing innovation efforts.
The U.S. nonwovens business generated annual net sales and adjusted EBITDA of approximately $100 million and $20 million, respectively.
“Georgia-Pacific nonwovens employees at Mt. Holly and Memphis have run safe, productive operations and worked hard to advance our nonwovens business to meet customer needs,” says Mike Adams, president – Georgia-Pacific Professional and Nonwovens. “We believe this potential sale to Glatfelter, an established manufacturer and supplier of nonwovens products, is in the best interests of both customers and our nonwovens employees.”
Prior to this divestment, Glatfelter had sold its European based airlaid business, located Steinfurt, Germany to Glatfelter in October 2018 for a reported $185 million. This site, which like the Mt. Holly site was once a part of Buckeye Technologies, makes high-quality airlaid products for tabletop, wipes, hygiene, food pads and other nonwoven materials. It made a reported 32,000 metric tons of nonwovens per year and generated sales of $99 million and EBITA of $18 million in 2017.
Once a leader in the airlaid nonwovens business, G-P once operated several sites in Wisconsin but has shifted its focus toward its paper and tissue businesses in recent years.
www.gp.com
2020 Nonwovens Sales: $100 million
Processes
Airlaid
Georgia-Pacific has exited the airlaid nonwovens market through the sale of its U.S. operation to Glatfelter in May 2021. The $175 million deal included G-P’s Mount Holly, NC, airlaid manufacturing operation along with a nonwovens product development operation and associated employees in Memphis, TN, which collectively employ approximately 140 people. The Mount Holly facility produces high-quality airlaid products focused on wipes and table top materials. The new product development resources will enhance ongoing innovation efforts.
The U.S. nonwovens business generated annual net sales and adjusted EBITDA of approximately $100 million and $20 million, respectively.
“Georgia-Pacific nonwovens employees at Mt. Holly and Memphis have run safe, productive operations and worked hard to advance our nonwovens business to meet customer needs,” says Mike Adams, president – Georgia-Pacific Professional and Nonwovens. “We believe this potential sale to Glatfelter, an established manufacturer and supplier of nonwovens products, is in the best interests of both customers and our nonwovens employees.”
Prior to this divestment, Glatfelter had sold its European based airlaid business, located Steinfurt, Germany to Glatfelter in October 2018 for a reported $185 million. This site, which like the Mt. Holly site was once a part of Buckeye Technologies, makes high-quality airlaid products for tabletop, wipes, hygiene, food pads and other nonwoven materials. It made a reported 32,000 metric tons of nonwovens per year and generated sales of $99 million and EBITA of $18 million in 2017.
Once a leader in the airlaid nonwovens business, G-P once operated several sites in Wisconsin but has shifted its focus toward its paper and tissue businesses in recent years.
