# SWM and Neenah agree all-stock merger of equals in specialty materials

Schweitzer-Mauduit (SWM) and Neenah agreed an all-stock merger of equals creating a specialty materials company with about $3 billion in combined revenue, targeting at least $65 million in annual run-rate cost synergies within 24-36 months.

- Type: Acquisition
- Announced: 2022-03-28
- Value: $3.00B
- Status: announced
- Products: specialty materials, filtration media, protective and adhesive solutions, specialty paper
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Neenah](https://endata.com/companies/7692.md) (target)
- [Schweitzer-Mauduit International](https://endata.com/companies/9052.md) (acquirer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20220328005310/en/SWM-and-Neenah-to-Combine-in-All-Stock-Transaction-to-Create-a-%243-Billion-Global-Leader-in-Specialty-Materials), 2022-03-28: "SWM and Neenah, two leading global manufacturers of specialty materials, today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals"

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