Glatfelter to buy out J. R. Crompton's wet laid plant
17 Mar '06
3 min read
The Lydney mill produces a broad portfolio of wet laid nonwoven products, including tea and coffee filter papers, clean room wipes, lens tissue, dye filter paper, double-sided adhesive tape substrates and battery grid pasting tissue.
“This mill initially will operate as a standalone business and, together with our European mills, will form a new Composite Fibers business unit,” said Mr. Glatfelter. “As the wet laid fiber and papers markets continue to evolve, this new global organization will enable us to maximize growth and profitability in the face of alternative substrate technologies.”
Glatfelter also announced that it has signed an agreement to purchase Crompton's Simpson Clough Mill, located in Lancashire, United Kingdom, and other related assets for GBP12.5 million (US $21.7 million), subject to regulatory approval.
The mill employs about 95 people and had 2005 revenues of approximately GBP16.2 million (US $28 million). The Simpson Clough facility also manufactures a wide variety of wet laid, nonwoven products.
“The purchase of this facility and the expertise of its employees will provide additional capacity and capabilities to better serve the global market,” said Mr. Glatfelter.
Pennsylvania based printing paper producer Glatfelter is the North American leader in the manufacture of publishing papers and one of the world leaders in tea bag papers.
Wet-laid nonwoven fabrics company JR Crompton Ltd established in 1856. It is one of the leading manufacturers of speciality long fibre papers in the world.
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