NEENAH PAPER, INC. (NYSE:NP) Files An 8-K Other EventsItem 8.01 Other Events
On October 11, 2017, Neenah Paper, Inc. (the “Company”) announced it had signed a definitive agreement to purchase all of the outstanding equity of W.A. Sanders Coldenhove Holding B.V. ("Coldenhove"). Coldenhove is a specialty materials manufacturer based in the Netherlands, with a leading position in digital transfer media and other technical products.
Coldenhove has annual sales of over $45 million with EBITDA of approximately $6 million. The company’s advanced media is a critical component used in dye sublimation, a growing method of digital image transfer. The purchase price is expected to be approximately $45 million, subject to final closing adjustments, and will be financed with available cash and short term borrowings. Closing is expected to occur on November 1, and is subject to customary conditions.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit No. Description of Exhibit
99.1Press release dated October 11, 2017.
Neenah Paper Inc ExhibitEX-99 2 coldenhoveacquistionpressr.htm EXHIBIT 99 Exhibit Contact: Neenah Paper,…To view the full exhibit click here
About NEENAH PAPER, INC. (NYSE:NP)
Neenah Paper, Inc. has two principal operations, technical products business, and fine paper and packaging business. The Company’s segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty). The fine paper and packaging business is a supplier of printing and other specialty papers (Graphic Imaging), premium packaging (Packaging) and specialty office papers (Filing/Office) in North America. Its technical products manufacturing facilities are located in Munising, Michigan; Pittsfield, Massachusetts; Bolton, England, and Munich, Germany. Its fine paper and packaging manufacturing facilities are located in Appleton, Neenah and Whiting, Wisconsin, and Canton, Ohio.
