# Neenah to acquire Vectorply for $155M

Neenah, Inc. signed a definitive agreement to acquire Vectorply Corporation, a manufacturer of high-performance composite materials, for $155 million in cash. The acquisition is expected to close on April 1, 2020.

- Type: Acquisition
- Announced: 2020-03-03
- Where: Southeast (United States), United States
- Value: $155.0M
- Status: announced
- Products: high-performance composite materials, non-woven reinforcement fabrics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Neenah](https://endata.com/companies/7692.md) (acquirer)
- [Vectorply](https://endata.com/companies/45688.md) (target)
- [MSouth Equity Partners](https://endata.com/companies/45689.md) (investor)
- [MSouth Equity Partners](https://endata.com/companies/45689.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/neenah-expands-its-technical-products-platform-with-agreement-to-acquire-vectorply-301015819.html), 2020-03-03: "Vectorply is well-known for its product capabilities, utilizing product-enhancing fibers such as carbon, glass and aramid to produce purpose-built, non-woven reinforcement fabrics."
- [je.st](http://www.je.st/news/Neenah-to-Buy-Composite-Materials-Manufacturer,2541343.html), 2020-03-04: "Neenah to Buy Composite Materials Manufacturer"
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/neenah-to-buy-composite-materials-manufacturer/), 2020-03-04: "Vectorply is well-known for its product capabilities, utilizing product-enhancing fibers such as carbon, glass and aramid to produce purpose-built, nonwoven reinforcement fabrics."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/neenah-acquisition-of-vectorply-not-finalized/), 2020-04-03: "Neenah, Inc. announced that it had not closed on its agreement to acquire Vectorply Corporation on April 1 as originally contemplated."
- [businessalabama.com](https://businessalabama.com/specialty-products-maker-vectorply-bought-for-155-million/), 2020-04-20: "The Vectorply acquisition was expected to close at the beginning of April."
- [globalpapermoney.com](https://www.globalpapermoney.com/neenah-inc-terminates-155m-acquisition-deal-for-alabama-fabric-maker-vectorply-cms-11983), 2020-05-04: "We exited 2019 with a conservative leverage position and our liquidity today is strong."

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