Neenah Inc

NYSE:NP  
50.26
+0.46 (+0.92%)
4:00:00 PM EDT: $50.29 +0.03 (+0.06%)
Other Pre-Announcement

Neenah Inc Says Investing $13 Million In New Release Liner Coating Capacity In Support Of Its Growing Specialty Coatings Business And Recent ITASA Acquisition

Published: 07/02/2021 12:55 GMT
Neenah Inc (NP) - Neenah Inc - Investing $13 Million in New Release Liner Coating Capacity in Support of Its Growing Specialty Coatings Business and Recent Itasa Acquisition.
Neenah Inc - Ceasing Operations at Its Appleton, Wisconsin Facility.
Neenah Inc - Restarting an Idled Fine Paper & Packaging Asset in Support of Its Premium Packaging Business.
Neenah Inc - Financial Implications Associated With Closure of Appleton Facility Include an Estimated Annual EBITDA Benefit of $7 Million to $8 Million.
Neenah Inc - Annual Revenues Are Estimated to Decrease by $20 Million to $25 Million From Closure.
Neenah Inc - Fine Paper & Packaging Asset is Expected to Be Restarted in Q4 of 2021.