Schweitzer-Mauduit Pays $232M For Filtration Producer

Law360, New York (November 18, 2013, 8:22 PM EST) -- Schweitzer-Mauduit International Inc. has agreed to purchase filtration materials producer DelStar Technologies Inc. for $231.5 million in cash, the companies said Monday, in a deal SWM said was designed to help expand its presence in advanced materials, particularly filtration.

SWM Chairman and CEO Frederic Villoutreix said that the deal, which is expected to close by the end of this year, signals an opportunity for growth on both sides.

"The combination offers substantial opportunities to co-develop composite materials, bring paper-based filtration products to DelStar's broad customer base,...
To view the full article, register now.