Glatfelter (GLT) has provided an announcement.
Glatfelter Corporation has entered into a transaction to merge its global nonwovens and hygiene films business with Berry Global Group, Inc., creating a new entity, NewCo. Executive leadership appointments include James M. Till as EVP, CFO & Treasurer, and Tarun Manroa as EVP, COO, both transitioning from Berry with outlined compensation and benefits. Their roles will commence upon the transaction’s close, contingent on their current good standing at Berry. The deal, poised to reshape the industry landscape, awaits shareholder and regulatory approvals with keen anticipation from the financial markets.
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