News for Glatfelter

Feb 15 · 7:21:00 PM · Source: Environmental Expert

Glatfelter announced today that it has completed its previously announced acquisition of Concert Industries Corp. from Brookfield Special Situations Management Limited, an affiliate of Brookfield Asset Management for $235 million subject to a post-closing working capital adjustment.
Glatfelter financed the acquisition through a combination of cash on hand, proceeds from the 7 1/8% unsecured senior notes issued on February 5, 2010 and borrowings under its existing revolving credit agreement. Glatfelter will operate Concert as a third business unit along with its Specialty Papers and Composite Fibers business units.

· Related: Brookfield Asset Management Inc
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by Michael Oliveto

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