Glatfelter

Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The Company's high-quality, technology-driven, innovative and customizable nonwovens solutions can be found in products that are Enhancing Everyday Life. These include personal care and hygiene products, food and beverage filtration, critical cleaning products, medical and personal protection, packaging products, as well as home improvement and industrial applications. Headquartered in Charlotte, North Carolina, the company's annualized net sales approximate $1.4 billion with over 3,300 emoyees worldwide. Glatfelter's operations utilize a variety of manufacturing technogies including airlaid, wetlaid, and spunlace with sixteen manufacturing sites located in the United States, Canada, Germany, France, the United Kingdom, Spain and the Philippines. The Company has sales offices in all major geographies serving customers under Glatfelter and Sontara brands.

For the asteroid, see 163626 Glatfelter.
Glatfelter
TypePublic
NYSE: GLT
S&P 600 Component
IndustryManufacturing
Founded1864
HeadquartersCharlotte, North Carolina, U.S.
Key people
Dante C. Parrini (CEO)
Revenue US$1.4 Billion (FY 2021)[1]
US$49.2 Million (FY 2020)[1]
US$21.3 Million (FY 2020)[1]
Total assets US$1.4 Billion (FY 2020)[1]
Total equity US$557.9 Million (FY 2020)[1]
Number of employees
3,300
Websiteglatfelter.com

The company was started by Philip Henry Glatfelter in 1864. Glatfelter's annual revenues are approximately $1.4 Billion annually,[2] and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT. Glatfelter and its subsidiaries employ approximately 3,300 people worldwide.

History
  • As early as 1880, Glatfelter led the industry with the installation of the world's largest paper machine.[3]
  • Glatfelter switched to making paper using wood fiber instead of rags in the 1880s.
  • In 1934, Glatfelter began its forestry management initiative, encouraging farmers to plant more trees and prevent soil erosion.
  • In 1947, Glatfelter launched a tree farm managed for the growing of sustainable forest crops in Pennsylvania and Maryland.
  • Glatfelter's previous President and CEO, George Henry Glatfelter II, is the great-great grandson of the founder, Philip Henry Glatfelter (1837–1907), who also founded York Ice Company, which became York Heating and Air Conditioning.[4]
  • Glatfelter's work with sustainable tea packaging was highlighted in the September 2009 issue of the Tea & Coffee Trade Journal.[5]
  • In August 2018, Glatfelder announced an agreement to sell its Specialty Papers division to private investment firm Lindsay Goldberg for $360 million, with the sale to close before 2019.[6]
  • In February 2020, Glatfelter announced it would relocate its corporate headquarters from York, Pennsylvania to Charlotte, North Carolina later in the year.[7]
  • In October 2020, Glatfelter announced it's corporate name change from P.H. Glatfelter Company to Glatfelter Corporation.
  • In October 2020, Glatfelter's Corporate Headquarters moved from York, PA to Charlotte, NC.
  • In May 2021, Glatfelter completed the aquisition of Georgia-Pacific's U.S. nonwovens business. This included Georgia-Pacific's Mount Holly, NC airlaid manufacturing operation along with a nonwovens product development operation and associated employees in Mount Holly, TN.
  • October 29, 2021, Glatfelter completed the aquisition of Jacob Holm. The addition increased the Company's scale and diversification into attractive and complementary product categories with high-performing and innovative spunlace nonwoven technologies and advanced plamt-based sustainable solutions serving the growing wipes, critical cleaning, healthcare and hygiene categories. Glatfter acquired four additional manufacturing sites, one converting operation, and six sales offices located in the Americas, Europe and Asia, and approximately 760 employees worldwide.

Environmental Concerns

In 2016, Glatfelter's Spring Grove paper mill was listed just outside the top 1% of toxic air pollution sources in the United States, according to the U.S. Environmental Protection Agency, ranking 160 out of 15,461 sites evaluated.[8] The Pennsylvania Department of Environmental Protection cited the company for two significant violations since 2013, and the company has been federally cited for significant violations of the Clean Air Act. In response to these violations and subsequent press coverage, a Glatfelter representative stated to the York Daily Record that the company maintains a commitment to improving its environmental performance. Glatfelter sold the Spring Grove mill in 2018.[6]

Products

References
  1. http://www.glatfelter.com/wp-content/uploads/2020-Annual-Report.pdf
  2. http://www.glatfelter.com/Files/about_us/investor_relations/2010_Q1_Earnings_Release.pdf
  3. Lipper, Mark (1980). Paper, People, Progress: The Story of the P.H. Glatfelter Company of Spring Grove, Pennsylvania. Englewood Cliffs, NJ: Prentice-Hall. p. 37. ISBN 0-13-648451-4.
  4. "Glatfelter, book papers, specialty papers, engineered paper products home". Glatfelter.com. Retrieved 2015-10-31.
  5. "Tea Packaging for Impact and Sustainability" by Katrina Ávila Munichiello, Tea & Coffee Trade Journal.
  6. Morrow, Geoff (August 22, 2018). "Glatfelter paper announces agreement to sell, promises no plans to close mills". York Daily Record. USA Today Network. Retrieved August 22, 2018.
  7. https://www.bizjournals.com/charlotte/news/2020/02/10/pennsylvania-based-manufacturer-to-move.html
  8. "Glatfelter among nation's worst air polluters". The York Daily Record. Retrieved 2017-11-28.
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