# SWM to acquire Tekra and Trient for $155M

SWM (Schweitzer-Mauduit International) signed a definitive agreement to acquire Tekra, LLC and Trient, LLC, converters of high-performance films, for $155 million in cash. The transaction is expected to close before March 31, 2020.

- Type: Acquisition
- Announced: 2020-02-18
- Where: Milwaukee, Wisconsin area, United States
- Value: $155.0M
- Status: announced
- Products: high-performance films, substrates
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Schweitzer-Mauduit International](https://endata.com/companies/9052.md) (acquirer)
- [Tekra](https://endata.com/companies/45351.md) (target)
- [Trient](https://endata.com/companies/45352.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2020/02/18/1986234/0/en/swm-announces-agreement-to-acquire-tekra-llc-and-trient-llc-leading-converters-of-high-performance-films.html), 2020-02-18: "SWM today announced the signing of a definitive agreement to acquire Tekra, LLC and Trient, LLC, converters of high-performance films and substrates, significantly enhancing the Company’s films capabilities."

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