SWM to acquire Conwed Plastics for $295M

SWM (Schweitzer-Mauduit International Inc.) has signed a definitive agreement to acquire Conwed Plastics LLC, a producer of resin-based netting solutions, for $295 million in cash. The transaction is expected to close in Q1 2017.

“We are pleased to announce the acquisition of Conwed, which adds complementary operations and products to fuel the expansion of our Advanced Materials and Structures growth platform.”globenewswire.com

• 2 sources
• globenewswire.comSWM ANNOUNCES AGREEMENT TO ACQUIRE CONWED PLASTICS LLC,Schweitzer-Mauduit International IncDec 14, 2016
• startribune.comSchweitzer-Mauduit International buying Conwed for $295 million.Dee DePassDec 16, 2016

Summarized from public sources; check the original articles before acting on it.