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Schweitzer-Mauduit International (SWM) finalized its acquisition of Scapa Group Plc, a UK-based provider of innovation, design, and manufacturing solutions for healthcare and industrial markets. The combined company's annualized sales approach $1.5 billion.
Schweitzer-Mauduit International (SWM), through its subsidiary AMS Holdco 2, has agreed to acquire Scapa Group plc for 210 pence per share, valuing Scapa at approximately £402.9 million.
Scapa Group plc acquired 100% of First Water Limited, a designer-manufacturer of advanced wound dressings and skin adhesives based in Ramsbury, UK. The purchase price is up to £15.3 million, including an initial cash consideration of £11.3 million.