We’re pleased to announce the successful closing of the Jacob Holm acquisition.
Stay tuned for more exciting details about Glatfelter’s Spunlace and Sontara products.
We’ve built our financial success on leading positions, innovative products, cost efficiencies, operational excellence and strong customer relationships. We believe this adds up to stable and sustainable long-term returns for our shareholders.
2020 Net Sales
2017-2020 Net Sales CAGR
Current Annual Dividend
Our teams have deep knowledge of materials, manufacturing technology and product performance. We use this knowledge to deliver innovative products and customized solutions to blue-chip customers.
We continue to invest in product development and innovation. Our teams have expertise in filtration, health and hygiene products, and the recent sustainability trends toward plastic-free substrates in a variety of consumer and industrial applications.
In 2019, Glatfelter created a dedicated Breakthrough Development Team. The team, comprised of about 20 employees with advanced degrees in Material Science and Chemistry, is focused on identifying and quickly bringing to fruition the most promising innovations.
Our robust continuous improvement program focuses on minimizing waste and maximizing up-time.
Our reductions in corporate costs generated $15 million in savings in 2019. We continue to take a disciplined approach to capital allocation as we evaluate strategic opportunities going forward.
We believe Glatfelter has stable cash flows and a strong balance sheet to fund our dividend and on-going growth.
In 2018 and 2019, we executed several strategic actions that led to stronger cash flows and meaningful improvements in profitability. We expanded our airlaid capacity organically, acquired additional airlaid assets, divested our specialty paper business and resolved an environmental matter. We also settled our US pension obligations and refinanced our debt. As a result, we believe we are well positioned to accelerate growth and expand our leadership position in 2020 and beyond.
This website includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to numerous risks and uncertainties. Glatfelter undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in Glatfelter’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission available at the Financials and Filings link below or at www.sec.gov.