Glatfelter XRG-65

Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The company's high quality, technology-driven, innovative and customizable nonwovens solutions can be found in products that are Enhancing Everyday Life®️. These include personal care and hygiene products, food and beverage filtration, critical cleaning products, medical and personal protection, packaging products, as well as home improvement and industrial applications. Headquartered in Charlotte, North Carolina, the company's 2021 net sales were $1.1 billion with approximately 3,250 employees worldwide. Glatfelter’s operations utilize a variety of manufacturing technologies including airlaid, wetland and spunlace with sixteen manufacturing sites located in the United States, Canada, Germany, France, the United Kingdom, Spain and the Philippines. The company has sales offices in all major geographies serving customers under the Glatfelter and Sontara®️ brands.

The company was started by Philip Henry Glatfelter in 1864. Glatfelter's annual revenues are approximately $1.1 Billion annually, and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT. Glatfelter and its subsidiaries employ approximately 3,250 people worldwide.

History

* As early as 1880, Glatfelter led the industry with the installation of the world's largest paper machine.
* Glatfelter switched to making paper using wood fiber instead of rags in the 1880s.
* In 1934, Glatfelter began its forestry management initiative, encouraging farmers to plant more trees and prevent soil erosion.
* In 1947, Glatfelter launched a tree farm managed for the growing of sustainable forest crops in Pennsylvania and Maryland.
* Glatfelter's previous President and CEO, George Henry Glatfelter II, is the great-great grandson of the founder, Philip Henry Glatfelter (1837–1907), who also founded York Ice Company, which became York Heating and Air Conditioning.
* Glatfelter's work with sustainable tea packaging was highlighted in the September 2009 issue of the ''Tea & Coffee Trade Journal.''
* In August 2018, Glatfelder announced an agreement to sell its Specialty Papers division to private investment firm Lindsay Goldberg for $360 million, with the sale to close before 2019.
* In February 2020, Glatfelter announced it would relocate its corporate headquarters from York, Pennsylvania to Charlotte, North Carolina later in the year.
* In June 2021, Glatfelter acquired the Mount Holly and Memphis sites. The transaction included Georgia-Pacific’s Mount Holly, North Carolina airlaid manufacturing operation and an R&D development in Memphis Tennessee. The Mount Holly site produces high-quality airlaid products focused on table top materials.
* In October 2021, Glatfelter acquired Jacob Holm. The acquisition expanded Glatfelter’s scale and diversification into attractive and complementary product categories with high-performing and innovative spunlace nonwoven technologies and advanced plant-based sustainable solutions serving the growing wipes, critical cleaning, healthcare and hygiene categories. Glatfelter acquired four additional manufacturing sites and six sales offices located in the Americas, Europe, and Asia, and approximately 760 employees world-wide.
* August 25, 2022, Glatfelter announced Thomas Fahnemann has been appointed to the role of President and Chief Executive Officer. He replaced Chairman and Chief Executive Officer, Dante C. Parrini, who left the company following a 25-year career. The Board also appointed Kevin Fogarty, independent Glatfelter Board Director and Chairman of the Nominating and Corporate Governance Committee, to the role of Non-Executive Chairman.

Environmental Concerns

In 2016, Glatfelter's Spring Grove paper mill was listed just outside the top 1% of toxic air pollution sources in the United States, according to the U.S. Environmental Protection Agency, ranking 160 out of 15,461 sites evaluated. The Pennsylvania Department of Environmental Protection cited the company for two significant violations since 2013, and the company has been federally cited for significant violations of the Clean Air Act. In response to these violations and subsequent press coverage, a Glatfelter representative stated to the '' York Daily Record'' that the company maintains a commitment to improving its environmental performance. Glatfelter sold the Spring Grove mill in 2018.

Products

* Airlaid materials
* Composite fibers
* Composite laminates
* Engineered products

* Food and beverage papers
* Home improvement and industrial applications
* Metallized films and papers
* Personal hygiene materials
* Packaging products
* Single-serve coffee solutions
* Tea filtration solutions
* Technical specialties

References

External links

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Companies listed on the New York Stock Exchange
Companies based in York County, Pennsylvania
Companies established in 1864
Pulp and paper companies of the United States
York, Pennsylvania
1864 establishments in Pennsylvania