Glatfelter, an American manufacturer of specialty papers and fiber-based engineered materials, today announced it has signed a definitive agreement to purchase Dresden Papier GmbH from Fortress Paper Ltd. for EUR 160 million.
Dresden Papier, based in Heidenau (near Dresden), Germany, is a global supplier of nonwoven wallpaper base materials, and is a major supplier to most of the world’s largest wallpaper manufacturers.
“Glatfelter’s agreement to acquire Dresden Papier demonstrates our commitment to building leading positions in niche global growth markets for specialty papers and fiber-based engineered materials,” said Dante C. Parrini, Chairman and Chief Executive Officer of Glatfelter.
