# Neenah agrees to acquire Global Release Liners, parent of ITASA, for $247m

US paper manufacturer Neenah signed a definitive agreement to acquire Global Release Liners, the parent of Spanish release liner maker ITASA, for a cash consideration of EUR 205 million ($247 million), with closing expected the following month.

- Type: Acquisition
- Announced: 2021-03-03
- Where: Spain
- Value: $247.0M (205.0M EUR)
- Status: announced
- Products: release liners
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [ITASA](https://endata.com/companies/3575.md) (partner)
- [Neenah](https://endata.com/companies/7692.md) (acquirer)
- [Global Release Liners](https://endata.com/companies/7693.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/neenah-signs-agreement-to-acquire-itasa-for-247m/), 2021-03-03: "Neenah has signed a definitive agreement to acquire Spanish packaging firm Industrias de Transformacion de Andoain's (ITASA) parent company, Global Release Liners, for a cash consideration of €205m ($247m)."

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