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Glatfelter

#9312

Rank

$73.67M

Marketcap

US United States

Country

Glatfelter
Leadership team

Ms. Eileen L. Beck (VP of Global HR & Admin.)

Mr. Christopher W. Astley (Sr. VP & Chief Commercial Officer)

Dr. Wolfgang Laures Ph.D. (Sr. VP of Integrated Global Supply Chain & Information Technology)

Products/ Services
Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Charlotte, North Carolina, United States
Established
1864
Company Registration
SEC CIK number: 0000041719
Revenue
Above - 1B
Traded as
GLT
Social Media
Overview
Location
Summary
Glatfelter Corporation, together with its subsidiaries, manufactures and sells engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications. The Airlaid Materials segment supplies absorbent cellulose-based airlaid nonwoven materials that are used to manufacture consumer products, such as feminine hygiene and other hygiene products, specialty wipes, tabletop, adult incontinence, home care, and other consumer and industrial products. The Spunlace segment manufactures spunlace nonwovens for cleaning, high-performance materials, personal care, hygiene, and medical applications. The company was formerly known as P. H. Glatfelter Company. Glatfelter Corporation was founded in 1864 and is headquartered in Charlotte, North Carolina.
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 , 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.

Mission
Our mission is to be the supplier of choice for specialty papers and engineered products. We strive to exceed customer expectations and provide superior value to shareholders.
Vision
Our vision is to be the leader in innovation and growth for our chosen markets and be an employer of choice for our employees.
Key Team

Mr. Michael Thomas Fahnemann (CEO, Pres & Director)

Mr. Ramesh Shettigar (Sr. VP, CFO & Treasurer)

Mr. David C. Elder (Chief Accounting Officer & VP of Fin.)

Ms. Jill L. Urey (VP, Chief Legal & Compliance Officer & Corp. Sec.)

Recognition and Awards
Glatfelter has received numerous awards and accolades over the years. We have been recognized for excellence in environmental stewardship, innovation, and commitment to sustainability.
References

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Glatfelter
Leadership team

Ms. Eileen L. Beck (VP of Global HR & Admin.)

Mr. Christopher W. Astley (Sr. VP & Chief Commercial Officer)

Dr. Wolfgang Laures Ph.D. (Sr. VP of Integrated Global Supply Chain & Information Technology)

Products/ Services
Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Charlotte, North Carolina, United States
Established
1864
Company Registration
SEC CIK number: 0000041719
Revenue
Above - 1B
Traded as
GLT
Social Media