# Glatfelter acquires Jacob Holm for $302 million

Glatfelter Corporation completed the acquisition of Jacob Holm for approximately $302 million, including debt repayment. The deal adds four manufacturing plants, a converting facility, and six sales offices in the Americas, Europe, and Asia, with about 760 employees.

- Type: Acquisition
- Announced: 2021-10-29
- Where: Charlotte, North Carolina, United States
- Value: $302.0M
- Jobs: 760
- Status: completed
- Products: nonwoven materials, spunlace fabrics, Sontara brand products
- 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)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2021/10/29/2323544/0/en/glatfelter-completes-acquisition-of-jacob-holm.html), 2021-10-29: "We are very pleased to be closing on the acquisition and adding Jacob Holm's premium quality spunlace and advanced fiber products to Glatfelter's portfolio of industry-leading airlaid and composite fibers products."
- [comunicae.es](https://comunicae.es/en/press-release/glatfelter-adquiere-jacob-holm_1), 2021-11-02: "Glatfelter Corporation ha anunciado hoy que ha llevado a cabo la adquisición de Jacob Holm, previamente anunciada, por un importe total de aproximadamente 302 millones de dólares"

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