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Schweitzer Mauduit International : SWM ANNOUNCES CONFERENCE CALL TO DISCUSS SECOND QUARTER 2021 RESULTS
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Operator
Welcome to SW AMS first quarter 2021 earnings conference call. hosting the call today from SW M is Dr. Jeff Kramer, chief executive officer. He is joined by Andrew Wamser Chief Financial Officer and Mark Chekanow director of investor relations. Today s call is being recorded and will be available for replay this afternoon. [Operator Instructions] It is now my pleasure to turn the floor over to Mr. Chekanow. Now, sir, if the floor is yours.
Mark Chekanow
Director, Investor Relations
Thank you, Tina. Good morning. I m Mark checking our Director of Investor Relations at SW. Thank you for joining us to discuss our first quarter 2021 results. Before we begin, I d like to remind you that the comments included in today s conference call include forward looking statements. Actual results may differ materially from the results to justify these comments for a number of reasons, which are discussed in more detail on our Securities and Exchange Commission filings, including our a
Schweitzer-Mauduit International, Inc.: SWM International Completes Acquisition of Scapa Group Plc
Scapa Expands SWM s Capabilities and Enhances Long-Term Growth Profile
Alpharetta, GA, April 15, 2021 (GLOBE NEWSWIRE) Schweitzer-Mauduit International, Inc. ( SWM or the Company ) (NYSE: SWM), announced today that it has finalized its acquisition of Scapa Group Plc, a UK-based innovation, design, and manufacturing solutions provider for healthcare and industrial markets. The newly combined company s annualized sales are approaching $1.5 billion.
The acquisition adds to SWM s already extensive portfolio of precision engineered performance materials, significantly expands the Company s innovation, design, and formulation capabilities, and brings a variety of new coating and converting technologies. The newly combined product and service offerings can be leveraged across SWM s and Scapa s global businesses to deliver best-in-class integrated solutions to customers.
On 27 January 2021, the board of directors of AMS Holdco 2 Limited ( SWM Bidco ), an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc. ( SWM ), and the board of directors of Scapa Group plc ( Scapa ), announced (the Offer Announcement ) their agreement on the terms of a recommended cash offer by SWM Bidco for the acquisition of the entire issued and to be issued ordinary share capital of Scapa (the Offer ). The Offer is to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act.
Capitalised terms used and not defined herein have the meaning given to them in the Scheme Document in respect of the Offer published and made available to Scapa Shareholders on 22 February 2021, which stated that each Scheme Shareholder would be entitled to receive, for each Scheme Share, 210 pence in cash.
SWM Announces Fourth Quarter and Full Year 2020 Results Full Year Sales and Cash Flow Growth Despite COVID-19 Challenges
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