# Glatfelter to proceed with acquisition of Georgia-Pacific's U.S. nonwovens business

Glatfelter Corporation announced it may proceed with the acquisition of Georgia-Pacific's U.S. nonwovens business for $175 million, including an airlaid manufacturing plant in Mount Holly, NC and an R&D center in Memphis, TN.

- Type: Acquisition
- Announced: 2021-03-30
- Where: Mount Holly, North Carolina; Memphis, Tennessee, United States
- Value: $175.0M
- Jobs: 140
- Status: announced
- Products: nonwovens, airlaid
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Georgia-Pacific](https://endata.com/companies/1870.md) (target)
- [Glatfelter](https://endata.com/companies/3467.md) (acquirer)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/glatfelter-can-proceed-with-acquisition-of-g-ps-us-nonwovens-business/), 2021-03-30: "This is a significant step toward finalizing the acquisition and ensuring a smooth transition in the weeks ahead."
- [news.gp.com](https://news.gp.com/2021/05/gp-announces-sale-of-nonwovens-business-to-glatfelter), 2021-05-01: "We believe this potential sale to Glatfelter, an established manufacturer and supplier of nonwovens products, is in the best interests of both customers and our nonwovens employees."

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