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Cases & Deals

March 28, 2022

Schweitzer-Mauduit International to Combine with Neenah

King & Spalding is advising leading global performance materials company, Schweitzer-Mauduit International, Inc. (NYSE: SWM), in an all-stock merger of equals with Neenah, Inc. (NYSE: NP), representing an implied combined enterprise value of approximately $3 billion. The transaction is expected to close in the second half of 2022.

A press release announcing the transaction can be found here.

The King & Spalding deal team included Keith Townsend, Rahul Patel, Robert Leclerc, Michelle Stewart, Brett Schroeder, Pablo Alvarez, Pierce Rigney, Andrea Demick, Mark Hanley, Hanna Akselrad and Kristen Landers.