Berry Global to spin off and merge Health, Hygiene and Specialties business with Glatfelter

Berry Global has signed an agreement to spin off and merge the majority of its Health, Hygiene and Specialties business, including its Global Nonwovens and Films arm, with Glatfelter Corporation. Berry will receive net cash proceeds of approximately US$1 billion, and Berry shareholders will own 90% of the combined company.

“We believe these two businesses, in combination, can drive significant value for shareholders with complementary portfolios, positioning each for greater success.”nonwovensnews.com

• 4 sources
• nonwovensnews.comBerry and Glatfelter announce health and hygiene mergerHaydn DavisFeb 8, 2024
• info.texnet.com.cn非织造布生产商Berry和Glatfelter宣布合并 - 纺织资讯 - 纺织网 - 纺织综合服务商Feb 21, 2024
• nonwovensnews.comMerger milestone for Berry and Glatfelter deal | Nonwovens NewsHaydn DavisJul 2, 2024
• sec.govMagnera Corp Form 425 filed September 4, 2024Sep 4, 2024

Summarized from public sources; check the original articles before acting on it.