Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for chemical industry professionals · Monday, May 17, 2021 · 541,318,430 Articles · 3+ Million Readers

SWM International Completes Acquisition of Scapa Group Plc

Scapa Expands SWM’s Capabilities and Enhances Long-Term Growth Profile

/EIN News/ -- 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 significant technical expertise. The expanded company is poised to capitalize on the many exciting growth opportunities across our end-markets. We will offer a broader portfolio of products and value-added services to our customers, with a focus on delivering essential materials critical to the performance of their end products.”

With the addition of Scapa, SWM now operates in twelve countries on four continents, with close to 5,000 employees.

About SWM
SWM is a leading global performance materials company, focused on bringing best-in-class innovation, design, and manufacturing solutions to our customers. Our highly engineered films, adhesive tapes, foams, nets, nonwovens, and papers are designed and manufactured using resins, polymers, and natural fibers for a variety of industries and specialty applications. SWM and its subsidiaries manufacture on four continents, conduct business in over 90 countries and employ approximately 5,000 people worldwide. For further information, please visit SWM’s website at www.swmintl.com.

Additional websites:

www.scapahealthcare.com

www.scapaindustrial.com

Investor Contact:

Mark Chekanow
770-569-4229
mchekanow@swmintl.com

Media Contact:

Mary T. Gibson
770-569-4328
mgibson@swmintl.com


Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release