# Mativ to sell Engineered Papers business to Evergreen Hill Enterprise for $620 million

Mativ Holdings announced it has received a binding offer from Evergreen Hill Enterprise to acquire its Engineered Papers business for $620 million. The transaction is part of Mativ's strategy to focus on faster-growing end-markets.

- Type: Acquisition
- Announced: 2023-08-03
- Where: United States
- Value: $620.0M
- Status: announced
- Products: engineered papers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Mativ](https://endata.com/companies/64008.md)
- [Evergreen Hill Enterprise](https://endata.com/companies/12602.md) (acquirer)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/mativ-announces-proposed-sale-of-engineered-papers-business/), 2023-08-03: "The proposed sale of Engineered Papers is a key milestone in the transformation of Mativ and aligns with our strategy to focus our efforts, accelerate growth, and drive value for our shareholders."

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