# Glatfelter to buy Jacob Holm

Glatfelter announced it will acquire Jacob Holm, gaining four manufacturing facilities and six sales offices in the Americas, Europe and Asia.

- Type: Acquisition
- Announced: 2021-07-01
- Where: Basel, Switzerland
- Value: $308.0M
- Jobs: 800
- Status: announced
- Products: nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Glatfelter](https://endata.com/companies/3467.md) (acquirer)
- [Jacob Holm](https://endata.com/companies/28283.md) (target)
- [PHG Tea Leaves](https://endata.com/companies/56638.md) (target)
- [Ammon Ammon AG](https://endata.com/companies/56639.md) (partner)
- [Jacob Holm & Sons AG](https://endata.com/companies/57511.md) (target)

## Sources

- [je.st](http://www.je.st/news/Glatfelter-to-Buy-Jacob-Holm,2608094.html), 2021-07-22: "Company will acquire four manufacturing facilities and six sales offices in the Americas, Europe and Asia"
- [globenewswire.com](https://www.globenewswire.com/news-release/2021/07/22/2267176/0/en/glatfelter-to-acquire-jacob-holm-for-an-enterprise-value-of-308-million.html), 2021-07-22: "Today’s announcement represents another significant step forward in Glatfelter’s transformation."
- [fihpartners.com](https://www.fihpartners.com/divestment-of-jacob-holm/), 2021-07-22: "FIH Partners advises the Mikkelsen family on the divestment of Jacob Holm to Glatfelter for an enterprise value of approximately DKK 2.0bn."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/41719/000094787121000792/ss389336_8k.htm), 2021-07-22: "On July 22, 2021, Glatfelter Corporation entered into a Share Purchase Agreement with PHG Tea Leaves, Inc."
- [legalcommunity.ch](https://legalcommunity.ch/glatfelter-acquires-jacob-holm-group/), 2021-07-29: "Glatfelter Corporation, a global supplier of engineered materials, has entered into a definitive agreement to acquire the Jacob Holm Group, a manufacturer of spunlace nonwoven fabrics headquartered in Basel, Switzerland, for an enterprise value of USD 308 million."
- [globalpapermoney.com](https://www.globalpapermoney.com/glatfelter-will-acquire-jacob-holm-cms-13879), 2021-08-03: "This represents another significant step forward in Glatfelter's transformation."
- [lawstyle.ch](https://lawstyle.ch/homburger-beraet-glatfelter-corporation-bei-uebernahme-der-jacob-holm-group/), 2021-08-24: "The shareholders of Jacob Holm have signed a definitive agreement today to sell their shares in the Jacob Holm Group of companies to Glatfelter Corporation."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/top-company-profile/jacob-holm-sons-ag/), 2021-09-03: "We are excited about the prospects and possibilities this combination presents for the company and look forward to taking the next step of this new journey."

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