# Berry Global's HHNF business to acquire Glatfelter Corporation for $550M

The Health, Hygiene and Specialties Global Nonwovens and Films Business of Berry Global Group, Inc. entered into a definitive agreement to acquire Glatfelter Corporation for approximately $550 million on February 6, 2024. The transaction will create a combined company valued at $3.6 billion enterprise value, with Berry shareholders owning 90% and Glatfelter shareholders 10%.

- Type: Acquisition
- Announced: 2024-02-06
- Where: United States
- Value: $550.0M
- Status: announced
- Products: nonwovens, films, specialty materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Berry Global](https://endata.com/companies/25296.md)
- [Glatfelter](https://endata.com/companies/3467.md) (partner)
- [Glatfelter](https://endata.com/companies/3467.md) (target)
- [Berry Global](https://endata.com/companies/25296.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/MAGNERA-CORPORATION-12787/news/Health-Hygiene-and-Specialties-Global-Nonwovens-and-Films-Business-of-Berry-Global-Group-Inc-ente-45919457/), 2024-02-05: "Health, Hygiene and Specialties Global Nonwovens and Films Business of Berry Global Group, Inc. entered into definitive agreement to acquire Glatfelter Corporation for approximately $550 million."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/exclusives/berry-glatfelter-announce-merger/), 2024-02-07: "This announcement is the culmination of a comprehensive review of strategic alternatives to determine the value-maximizing path forward for Berry shareholders."
- [packagingdive.com](https://www.packagingdive.com/news/berry-global-glatfelter-health-hygiene/706821/), 2024-02-07: "The core issue with HH&S being part of Berry was that it was different enough from our long-term, consumer-facing business in packaging that it created volatility."
- [stocktitan.net](https://www.stocktitan.net/news/BERY/berry-global-and-glatfelter-announce-plans-for-tax-free-spin-off-and-pm4sl6kcmf9y.html), 2024-02-07: "Combination creates a large-scale global franchise with an industry-leading solution set serving attractive, growing specialty materials markets."
- [businesswire.com](https://www.businesswire.com/news/home/20240206043927/en/Berry-Global-and-Glatfelter-Announce-Plans-for-Tax-Free-Spin-Off-and-Merger-of-Berrys-Health-Hygiene-and-Specialties-Global-Nonwovens-and-Films-Business-with-Glatfelter-Creating-a-Global-Specialty-Materials-Leader), 2024-02-07: "The Boards of Directors of Berry and Glatfelter have unanimously approved the transaction."
- [nonwovensnews.com](https://www.nonwovensnews.com/manufacturing-news/16672-berry-and-glatfelter-announce-health-and-hygiene-merger), 2024-02-08: "We believe these two businesses, in combination, can drive significant value for shareholders with complementary portfolios, positioning each for greater success."
- [info.texnet.com.cn](https://info.texnet.com.cn/detail-972999.html), 2024-02-21: "Berry将其医疗、卫生和特种材料(HHS)业务部中的大部分业务剥离，包括全球非织造布和薄膜业务(“HHNF”)，与气流成网和纺粘法非织造布生产商Glatfelter公司合并。"
- [paperindustryworld.com](https://www.paperindustryworld.com/berry-spins-off-and-merges-its-health-hygiene-specialties-unit-with-glatfelter/), 2024-03-04: "This announcement is the culmination of a comprehensive review of strategic alternatives to determine the value-maximizing path forward for Berry shareholders."
- [magnera.com](https://magnera.com/news/berry-global-and-glatfelter-announce-plans-for-tax-free-spin-off/), 2024-06-17: "The Boards of Directors of Berry and Glatfelter have unanimously approved the transaction."
- [nonwovensnews.com](https://www.nonwovensnews.com/2024/07/02/merger-milestone-for-berry-and-glatfelter-deal/), 2024-07-02: "The transaction will create a major, publicly-traded company in the specialty materials industry."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/41719/000110465924096956/tm2423340d1_425.htm), 2024-09-04: "Berry Global and Glatfelter announced plans for tax-free spin-off and merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter."

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