Big news for the Alpharetta, and it could result in some potential layoffs in the area.
"Schweitzer-Mauduit International Inc. today announced it has entered into a definitive agreement to buy Neenah Inc. in an all-stock deal described by the companies as a "merger of equals." The companies' combined revenues are expected to be around $3 billion, with SWM having reported about $1.4 billion in sales in 2021 and Neenah reporting just over $1 billion.
Julie Schertell, president and CEO of Neenah, will serve as president and CEO of the combined company. It will remain headquartered in Alpharetta. A new name is pending, the companies said.
SWM's global headquarters is located at 100 North Point Center East in Alpharetta. It has a manufacturing facility in Athens. Neenah leases its headquarters at 3460 Preston Ridge Road, about 4 miles away from SWM."
https://www.bizjournals.com/atlanta/news...20manufacturing%20facility%20in%20Athens.
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