Mativ has announced the successful completion of the merger of equals between Schweitzer-Mauduit International (SWM) and Neenah, two leading global manufacturers of specialty materials, effective 6 July.

Mativ has approximately USD 3 billion in sales, supporting customers in more than 100 countries, and manufacturing capabilities on four continents. Beginning 6 July, 2022, the company will commence trading on the New York Stock Exchange (NYSE) at the market open, under the new ticker symbol “MATV.”
Pursuant to the merger agreement, Neenah shareholders received 1.358 shares of SWM common stock for each share of Neenah common stock owned. SWM’s shareholders will continue to hold their shares of SWM common stock. All SWM shares are now shares of Mativ common stock.
Julie Schertell, President and CEO of Mativ, commented, “I am extremely excited and proud to mark this important milestone in the journey of our two companies with the formation of Mativ. This merger is a unique opportunity to boldly reimagine our future as a stronger and faster-growing global enterprise. As we come together, we see significant near and long-term value creation opportunities to accelerate growth and amplify margins. With compelling strategic touch-points in key market categories, complementary geographies and technologies, increased global scale, and a passionate workforce with deep roots in material science, we are ideally suited to help solve our customer’s most critical challenges, which is the foundation of our cultural, commercial and financial success.”