# 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.

- Type: Acquisition
- Announced: 2016-12-14
- Where: Minneapolis, Minnesota, United States
- Value: $295.0M
- Status: announced
- Products: resin-based netting
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Schweitzer-Mauduit International](https://endata.com/companies/9052.md) (acquirer)
- [Conwed Plastics LLC](https://endata.com/companies/20729.md) (target)
- [Leucadia National Corporation](https://endata.com/companies/20730.md) (investor)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2016/12/14/1888753/0/en/swm-announces-agreement-to-acquire-conwed-plastics-llc-leader-in-resin-based-netting.html), 2016-12-14: "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."
- [startribune.com](https://www.startribune.com/schweitzer-mauduit-international-buying-conwed-for-295-million/406917146), 2016-12-16: "Minneapolis netting maker Conwed Plastics will be sold to Schweitzer-Mauduit International for $295 million in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.