Neenah Paper acquisition of Coldenhove Papier
Coldenhove Papier and Neenah Paper have agreed that the Dutch manufacturer of speciality papers will become a part of Neenah Paper.
Neenah Paper with its global headquarters in Alpharetta Georgia will purchase all outstanding shares of the descendants of two families as well as the shares of the incumbent management of Coldenhove Papier. The acquisition will be completed November 1st 2017.
Coldenhove Papier considers this acquisition an important step towards realising their growth strategy. Jeroen Alkemade, CEO of Coldenhove Papier, ‘Coldenhove is a strong but niche specialist in a global market that is rapidly consolidating. To successfully progress its strategic journey we have been looking for a financially strong strategic partner. Neenah Paper is a global market leader in high-end specialty media with sales in over 80 countries and with a solid understanding of the innovative strengths of Coldenhove. I am very confident that with Neenah Paper we have found the best possible partner‘.
Coldenhove Papier was founded in 1661 and has developed to become a global leader in high-value quality paper for specific high-end applications. In the last decades Coldenhove has specialised in the digital industrial printing (on textiles) market with the development of sublimation transfer paper (DTP). With a broad range of patented transfer paper, Coldenhove has acquired a leading position in the global market for industrial printing (on textiles). Besides DTP Coldenhove has as strong market position in medical sterilisation papers and other specific technical papers. Coldenhove realised a turnover of approximately € 40 million in 2016. Coldenhove employs 120 staff and distributes to 45 countries worldwide.
For more information on Coldenhove Papier, please visit www.coldenhove.com
For more information on Neenah Paper, please visit www.neenah.com