Mativ – a new leader in specialty materials

The merger of equals between Schweitzer-Mauduit International, Inc. (SWM) and Neenah is now complete to create a new $3 billion revenue operation to be called Mativ.

With more than 7,500 employees worldwide on four continents, serving customers in more than 100 countries, and manufacturing capabilities on four continents, the company began listing on the New York Stock Exchange (NYSE) on July 6. .

Pursuant to the merger agreement, Neenah shareholders received 1,358 shares of SWM common stock for each share of Neenah common stock held. SWM stockholders will continue to hold their SWM common stock. All SWM shares are now ordinary shares of Mativ.

“I am extremely excited and proud to mark this important milestone in the journey of both our companies with the formation of Mativ,” said Julie Schertell, President and CEO. “This merger is a unique opportunity to boldly reimagine our future as a stronger, faster-growing, global company. As we come together, we see significant value creation opportunities short- and long-term to accelerate growth and amplify margins.With compelling strategic touchpoints in key market categories, complementary geographies and technologies, increased global scale and a passionate, deep-rooted workforce in materials science, we are uniquely positioned to help solve our customers’ most critical challenges, which form the foundation of our culture, business and financial success.

“As we bring together the best of these two organizations, our priorities are focused on supporting our customers, accelerating our growth, realizing $65 million or more in cost synergies from the transaction, and margin and cash flow generation to support deleveraging and a strong dividend We will also continue to execute our strategy, including investments in our most dynamic and profitable business units and decisive actions to optimize our portfolio over time. Mativ has enormous potential, and as we celebrate this new beginning, I want to recognize the efforts of our exceptional employees who work tirelessly every day to push the boundaries of what is possible.

Mativ will disclose the financial results of two reporting segments – Advanced Technical Materials (ATM) and Fiber-Based Solutions (FBS). The ATM segment is made up of five non-reporting business units: Filtration, Protective Solutions, Release Coatings, Healthcare and Industrial. This segment generally represents the combination of SWM’s former Advanced Materials and Structures reporting segments and Neenah’s Technical Products. ATM will provide solutions that filter and purify air and liquids, support adhesive and protective applications, advance healing and wellness, and solve some of the most demanding performance needs in materials science.

The FBS segment will represent the respective legacy paper segments of SWM and Neenah. FBS will leverage the combined company’s vast natural fiber capabilities to provide specialist solutions for a variety of end uses, including durable packaging, imaging and communications, home and office, and consumer goods, among others. apps.

www.mativ.com

About Tracy G. Larimore

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