# SWM acquires Conwed Plastics for $295M

SWM has signed a definitive agreement to acquire Conwed Plastics, a producer of resin-based netting solutions, for $295 million in cash, expected to close in Q1 2017.

- Type: Acquisition
- Announced: 2016-12-15
- Where: United States
- Value: $295.0M
- Status: announced
- Products: resin-based netting solutions
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Conwed Plastics LLC](https://endata.com/companies/20729.md) (target)
- [Leucadia National Corporation](https://endata.com/companies/20730.md) (investor)
- [Leucadia National Corporation](https://endata.com/companies/20730.md) (partner)
- [SWM](https://endata.com/companies/20749.md) (acquirer)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/swm-buys-conwed-plastics/), 2016-12-15: "SWM has signed a definitive agreement to acquire Conwed Plastics LLC (Conwed), a leading producer of engineered resin-based netting solutions with significant operating synergy opportunities with its existing Advanced Materials & Structures (AMS) segment operations."
- [business-standard.com](https://www.business-standard.com/content/b2b-plastics-polymers/swm-acquires-conwed-plastics-for-295-million-116121900495_1.html), 2016-12-17: "SWM has acquired Conwed Plastics Llc, a leading producer of engineered resin-based netting solutions with significant operating synergy opportunities with existing Advanced Materials & Structures (AMS) segment operations, for $ 295 million."

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