Berry Global agreed to spin off and merge its Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter in a Reverse Morris Trust deal valuing the combined company at $3.6 billion enterprise value. Berry shareholders will own 90% of the combined company and Berry will receive about $1 billion in cash.
Hollingsworth & Vose will invest $40.2 million to expand its Floyd County, Virginia facility by over 28,000 square feet for new production equipment, creating 25 new jobs. Governor Glenn Youngkin announced the project on 3 January 2023.
Mission Ready Solutions' subsidiary Unifire received an IDIQ contract with a ceiling of US$200 million from the US Defense Logistics Agency to supply COTS shelter systems, over a one-year base period plus three option years.
Domtar will invest more than $60 million to expand its Engineered Absorbent Materials manufacturing operations in Jesup, Georgia, adding a large-scale airlaid nonwoven production line and 75 jobs. The expansion is expected to increase exports through the Port of Savannah by 60%.
Shawmut Corporation created a Health & Safety business unit and retrofitted about 70,000 square feet at its West Bridgewater, Massachusetts facility to make isolation gowns and N95 respirators. It also installed new assembly lines and automated production systems.
GTA Containers of South Bend, Indiana received an additional $9.5 million contract modification to build collapsible fabric fuel tanks for the US Air Force, bringing the cumulative value above $15 million.
Thrace-LINQ, a fabric supplier to the textile industry, will invest $9 million to install a new production line at its Summerville facility in Dorchester County, South Carolina, starting in early 2018 and creating at least 10 jobs.