PH Glatfelter Co, a manufacturer of specialty papers and engineered paper products, announced on Tuesday it is buying Concert Industries Corp from Brookfield Asset Management Inc for C$246.5 million ($237 million).
Glatfelter expects the acquisition to modestly add to 2010 earnings and add $0.20 to $0.25 per share to 2011 earnings.
Concert is a leading supplier of feminine hygiene products. Its customers include Procter & Gamble Co, Johnson & Johnson, SCA and Kimberly-Clark.
The deal, which Glatfelter plans to finance through a combination of cash on hand and debt, is expected to close by the end of the first quarter of 2010, according to Reuters' report.
On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?
Vladimir Putin's aircraft landed on Hmeymim airbase of the Russian Air Force in Syria in the morning of December 11