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P H Glatfelter Co (GLT.N)

GLT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Glatfelter Enters Into Consent Decree To Resolve Fox River Environmental Liability
Thursday, 3 Jan 2019 05:25pm EST 

Jan 3 (Reuters) - P H Glatfelter Co ::GLATFELTER ENTERS INTO CONSENT DECREE TO RESOLVE FOX RIVER ENVIRONMENTAL LIABILITY.P H GLATFELTER CO - AGREES TO PAY TO UNITED STATES $20.5 MILLION TO RESOLVE ALL CLAIMS.P H GLATFELTER CO - GLATFELTER WILL ALSO BE RESPONSIBLE FOR PAYMENT OF FUTURE OVERSIGHT COSTS.P H GLATFELTER CO - WILL ALSO BE RESPONSIBLE FOR PAYMENT OF FUTURE OVERSIGHT COSTS.P H GLATFELTER CO - CONSENT DECREE IS SUBJECT TO APPROVAL BY UNITED STATES DISTRICT COURT FOR EASTERN DISTRICT OF WISCONSIN.P H GLATFELTER - EXPECTS TO FULLY RESOLVE ITS LIABILITY FOR LOWER FOX RIVER AND GREEN BAY ENVIRONMENTAL REMEDIATION AND RELATED SUPERFUND LITIGATION.  Full Article

Lindsay Goldberg Acquires Specialty Papers Business Unit Of P.H. Glatfelter Company
Wednesday, 31 Oct 2018 04:30pm EDT 

Oct 31 (Reuters) - P H Glatfelter Co ::LINDSAY GOLDBERG ACQUIRES SPECIALTY PAPERS BUSINESS UNIT OF P.H. GLATFELTER COMPANY AND REBRANDS IT PIXELLE SPECIALTY SOLUTIONS.LINDSAY GOLDBERG ACQUIRES SPECIALTY PAPERS BUSINESS UNIT OF P.H. GLATFELTER COMPANY AND REBRANDS IT PIXELLE SPECIALTY SOLUTIONS.LINDSAY GOLDBERG - STEVE KLINGER WILL SERVE AS CHAIRMAN OF PIXELLE SPECIALTY SOLUTIONS.LINDSAY GOLDBERG - TIM HESS WILL CONTINUE IN HIS ROLE AS PRESIDENT OF PIXELLE SPECIALTY SOLUTIONS.  Full Article

Glatfelter To Sell Specialty Papers Business Unit
Tuesday, 21 Aug 2018 09:00pm EDT 

Aug 21 (Reuters) - P H Glatfelter Co ::GLATFELTER ANNOUNCES DEFINITIVE AGREEMENT TO SELL SPECIALTY PAPERS BUSINESS UNIT, CONCLUDING REVIEW OF STRATEGIC ALTERNATIVES.AGREEMENT TO SELL ITS SPECIALTY PAPERS BUSINESS UNIT ON A CASH FREE AND DEBT FREE BASIS TO LINDSAY GOLDBERG.AGREEMENT TO SELL ITS SPECIALTY PAPERS BUSINESS UNIT FOR A TOTAL SALE PRICE OF $360 MILLION..SALE PRICE INCLUDES ABOUT $320 MILLION OF CASH PROCEEDS AND ASSUMPTION BY PURCHASER OF ABOUT $40 MILLION OF RETIREE HEALTHCARE LIABILITIES.PURCHASER TO ASSUME ABOUT $250 MILLION OF PENSION LIABILITIES RELATING TO SPBU EMPLOYEES.PURCHASER TO RECEIVE APPROXIMATELY $300 MILLION OF RELATED ASSETS FROM GLATFELTER'S EXISTING PENSION PLAN.PENSION LIABILITY REMAINING WITH CO TO CONTINUE TO BE SIGNIFICANTLY OVERFUNDED AND NO CASH CONTRIBUTIONS EXPECTED FOR FORESEEABLE FUTURE.P H GLATFELTER- NET CASH PROCEEDS TO BE USED TO PAY DOWN DEBT, TO FUND PREVIOUSLY ANNOUNCED ACQUISITION OF GEORGIA-PACIFIC'S EUROPEAN NONWOVENS BUSINESS.  Full Article

Glatfelter To Buy Georgia-Pacific's European Nonwovens Business For $185 Mln
Tuesday, 19 Jun 2018 06:45am EDT 

June 19 (Reuters) - Glatfelter ::GLATFELTER TO ACQUIRE GEORGIA-PACIFIC’S EUROPEAN NONWOVENS BUSINESS FOR $185 MILLION.PLANS TO FINANCE ACQUISITION THROUGH A COMBINATION OF CASH ON HAND AND BORROWING UNDER ITS EXISTING REVOLVING CREDIT FACILITY.EXPECTS TO REALIZE SYNERGIES IN EXCESS OF APPROXIMATELY $6 MILLION PER YEAR WITHIN THREE YEARS.EXPECTS TO REALIZE SYNERGIES IN EXCESS OF APPROXIMATELY $6 MILLION PER YEAR WITHIN THREE YEARS AFTER DEAL.EXPECTS TO INCUR ONE-TIME COSTS OF APPROXIMATELY $7 MILLION FOR TRANSACTION FEES AND INTEGRATION, DUE TO ACQUISITION.  Full Article