Berry and Glatfelter Announce New Brand Name and Identity in Connection with Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business and Glatfelter

Company Overview - Glatfelter is a leading global supplier of engineered materials, focusing on innovation and sustainability, with a 2023 revenue of $1.4 billion and approximately 2,980 employees worldwide [1] - Berry Global Group, Inc. creates innovative packaging solutions, leveraging global capabilities and sustainability leadership, with over 40,000 employees across more than 250 locations [2] Merger Announcement - The proposed merger between Berry's Health, Hygiene and Specialties Global Nonwovens and Films business and Glatfelter has led to the creation of a new brand, Magnera, which aims to be a global leader in the specialty materials industry [14][8] - The merger is expected to close in the second half of 2024, pending approval from Glatfelter shareholders and customary closing conditions [13] Strategic Focus - Magnera will focus on innovation, operational excellence, and strategic market penetration, offering a broad product range in high-growth markets for polymer and fiber-based applications [9][10] - The combined company will provide a comprehensive suite of products and solutions, enhancing customer choice and flexibility [10][12] Product Offerings - Magnera will serve thousands of customers worldwide, offering products for absorbent hygiene, protective apparel, wipes, specialty building and construction, and food and beverage industries [11]