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DGAP-News: elumeo SE gets off to a good start in financial year 2021

Retrieved on:

Friday, March 26, 2021

swm

March 2021 - elumeo SE has gotten off to a successful start to the financial year 2021.

Key Points:

March 2021 - elumeo SE has gotten off to a successful start to the financial year 2021.
The pending action for damages brought by SWM Treuhand AG against elumeo SE will continue to have no bearing on the final figures for the past financial year 2020.
Based on the hearing, elumeo SE continues to assume that the lawsuit has no chance of success.
elumeo SE significantly increased its revenue, gross profit and earnings in financial year 2020.

SWM International Recommended Cash Offer for UK-based Scapa Group PLC Receives Scapa Shareholder Approval

Retrieved on:

Thursday, March 18, 2021

Law firms, DLA Piper, swm, swm

This approval marks an important milestone in the acquisition process, with remaining steps expected to take place early in Q2 2021.

Key Points:

This approval marks an important milestone in the acquisition process, with remaining steps expected to take place early in Q2 2021.
We are very pleased with the results of the Scapa shareholder vote, commented SWM CEO Dr. Jeffrey Kramer.
Jefferies International Limited is acting as financial adviser and DLA Piper UK LLP is acting as legal adviser to Scapa.
Any person interested in securities of SWM or Scapa is encouraged to consult their professional advisors.

Blackmoor Investment Partners - Letter to Chris Brinsmead, Chairman of Scapa

Retrieved on:

Thursday, March 4, 2021

Finance, Consulting, Banking, Professional services, Other Professional Services, Bidding, Sales, swm

We have had a further opportunity to talk with Heejae and your advisors since our letter of 2 February.

Key Points:

We have had a further opportunity to talk with Heejae and your advisors since our letter of 2 February.
As we discussed previously, Scapa Group plc (Scapa or the Company) has had numerous challenges in the last 24 months which have required investment and held back the Companys financial performance.
Now is not the time to sell the Company, and certainly not at Schweitzer-Mauduit International Inc.s (SWM or the Bidder) low bid of GBp210/share.
The Company is a valuable asset today with significant potential in the coming 2-5 years:
The Company and the Bidder both cite 2020 multiples.

Myers Industries Appoints Yvette Dapremont Bright and Jeffrey Kramer to Its Board of Directors

Retrieved on:

Tuesday, February 16, 2021

Myers Industries, Inc. (NYSE: MYE) a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced that Yvette Dapremont Bright, current president of Brighter Horizon Foundation, and Jeffrey Kramer, current Chief Executive Officer of Schweitzer-Mauduit International (NYSE: SWM) have been appointed to Myers Industries Board of Directors effective February 12, 2021.

Key Points:

Myers Industries, Inc. (NYSE: MYE) a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced that Yvette Dapremont Bright, current president of Brighter Horizon Foundation, and Jeffrey Kramer, current Chief Executive Officer of Schweitzer-Mauduit International (NYSE: SWM) have been appointed to Myers Industries Board of Directors effective February 12, 2021.
Both Yvette and Jeffs extensive careers in leading corporate transformations will bring significant value and capability to Myers Board of Directors and will add fuel to our journey of creating a multibillion-dollar, high growth, industrial leader, said F. Jack Liebau, Jr., Chairman of the Board of Directors of Myers Industries.
Ms. Dapremont Bright spent the first ten years of her career with IBM in the United States and Europe.
Ms. Dapremont Bright received her BS at Tulane University School of Engineering and her MBA from St. Josephs University.

SWM Increases Production of Alphastar(TM) Electrostatic Air Filtration Media

Retrieved on:

Tuesday, September 29, 2020

Chemistry, Physical sciences, Air filters, Natural sciences, swm, AlphaStar, Respirator, Filtration

Alpharetta, GA, Sept. 29, 2020 (GLOBE NEWSWIRE) -- In response to customer demand that has more than doubled over the past year, SWM International (NYSE: SWM), is ramping up production of its Alphastar Electrostatic Media product at its Wilson, North Carolina manufacturing facility.

Key Points:

Alpharetta, GA, Sept. 29, 2020 (GLOBE NEWSWIRE) -- In response to customer demand that has more than doubled over the past year, SWM International (NYSE: SWM), is ramping up production of its Alphastar Electrostatic Media product at its Wilson, North Carolina manufacturing facility.
Alphastar Electrostatic Media is a primary component in HVAC air filtration products, including MERV 13 rated air filters.
Expanding our output was critical, as we are an essential supplier to many of the largest air filtration companies in the U.S. SWM is determined to do everything we can to help our customers deliver the air filters and medical respirators that are vital tools in stopping infection spread and improving indoor air quality, said Bart Sistrunk, Commercial Director of Filtration for SWM.
SWM and its subsidiaries manufacture on four continents, conduct business in over 90 countries and employ approximately 3,400 people worldwide.

SWM ANNOUNCES AGREEMENT TO ACQUIRE TEKRA, LLC AND TRIENT, LLC, LEADING CONVERTERS OF HIGH-PERFORMANCE FILMS

Retrieved on:

Tuesday, February 18, 2020

swm, Trient, swm

Alpharetta, GA, Feb. 18, 2020 (GLOBE NEWSWIRE) -- SWM (NYSE: SWM) today announced the signing of a definitive agreement to acquire Tekra, LLC and Trient, LLC ("Tekra and Trient'), converters of high-performance films and substrates, significantly enhancing the Companys films capabilities.

Key Points:

Alpharetta, GA, Feb. 18, 2020 (GLOBE NEWSWIRE) -- SWM (NYSE: SWM) today announced the signing of a definitive agreement to acquire Tekra, LLC and Trient, LLC ("Tekra and Trient'), converters of high-performance films and substrates, significantly enhancing the Companys films capabilities.
Much like SWM, their focus is on high-value applications and maintaining close customer relationships that drive market leadership and strong financial performance.
We also see opportunities to accelerate innovation and leverage our global assets to build out an increased international presence for these businesses.
We look forward to welcoming the talented individuals from these organizations who will become part of SWM and our growing AMS segment.

SWM Advanced Materials for Face Masks Can Help Address Worldwide Mask Shortage

Retrieved on:

Tuesday, February 11, 2020

swm, BFE, Bacterial Filtration Efficiency, swm, Nonwoven fabric, Mask, Sistrunk, Economy of China, Culture, Manufacturing

Alpharetta, Feb. 11, 2020 (GLOBE NEWSWIRE) -- ALPHARETTA, GA, February 11, 2020 - SWM International (NYSE: SWM) stands ready to supply converters and manufacturers of face masks with advanced nonwoven materials necessary to meet the global challenge presented by the coronavirus outbreak.

Key Points:

Alpharetta, Feb. 11, 2020 (GLOBE NEWSWIRE) -- ALPHARETTA, GA, February 11, 2020 - SWM International (NYSE: SWM) stands ready to supply converters and manufacturers of face masks with advanced nonwoven materials necessary to meet the global challenge presented by the coronavirus outbreak.
Our DelporeTM meltblown media is widely used in face masks because it provides excellent breathability without sacrificing Bacterial Filtration Efficiency (BFE) and its lightweight nature allows for comfortable wear.
SWM is prepared to prioritize production of Delpore meltblown media and Delnet apertured film for customers who need materials for face mask production, said Sistrunk.
SWM and its subsidiaries manufacture on four continents conduct business in over 90 countries and employ approximately 3,400 people worldwide.

SWM Adds Seasoned Paper Industry Executive to Leadership Team

Retrieved on:

Friday, October 18, 2019

Ahlstrom-Munksjö, swm, Companies, Industries, Economies

Hoek will join SWM from Finnish fibers manufacturer Ahlstrom-Munksjo, where he leads their Specialties division and is part of their senior executive leadership team.

Key Points:

Hoek will join SWM from Finnish fibers manufacturer Ahlstrom-Munksjo, where he leads their Specialties division and is part of their senior executive leadership team.
Michel Fievez, current Executive Vice President, Engineered Papers, has announced his retirement for the end of 2019.
Fievez joined SWM in 2007 and has served in several senior leadership roles during his tenure with the company.
At the same time, we are very excited to add Omars extensive experience across multiple leadership positions and companies in the paper industry.

SWM ANNOUNCES SECOND QUARTER 2019 RESULTS

Retrieved on:

Wednesday, August 7, 2019

Intangible assets, Amortization, Loans, Real estate, Economy, swm

Alpharetta, GA, Aug. 07, 2019 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. ("SWM" or the "Company") (NYSE: SWM) reported earnings results for the three month period ended June30, 2019.

Key Points:

Alpharetta, GA, Aug. 07, 2019 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. ("SWM" or the "Company") (NYSE: SWM) reported earnings results for the three month period ended June30, 2019.
The other significant adjustment to second quarter 2019 results was purchase accounting expenses of $0.14 per share (purchase accounting expenses reflect the ongoing non-cash intangible asset amortization associated with AMS acquisitions).
Year-to-date margins decreased mainly due to soft first quarter 2019 performance from higher raw material costs and manufacturing inefficiencies; second quarter results showed significant sequential improvement over the first quarter.
SWM will hold a conference call to review second quarter 2019 results with investors and analysts at 8:30 a.m. Eastern time on Thursday, August 8, 2019.