Smoother
| PH Glatfelter Company
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|---|---|
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| legal form | Corporation |
| ISIN | US3773161043 |
| founding | 1864 |
| Seat | York , United States |
| management | Dante C. Parrini, Chairman and CEO |
| Number of employees | 2600 |
| sales | $ 866 million |
| Branch | Paper industry |
| Website | www.glatfelter.com |
| As of December 31, 2018 | |
The PH Glatfelter Company is an American wood processing company based in York , Pennsylvania . The company produces specialty papers at several locations around the world. Glatfelter's shares are traded on the New York Stock Exchange .
history
The company was founded in Spring Grove, Pennsylvania in 1864 by Philip H. Glatfelter. He then bought a paper mill for around $ 14,000 and began production in July 1864 under the name Spring Forge Mill . In the decades that followed, the company, whose main product was newsprint , grew steadily, increasing daily paper production from 1,500 pounds a day in 1864 to over 100,000 pounds in 1895.
The company was officially registered in 1906 as the PH Glatfelter Company. The company founder Philip H. Glatfelter died the following year and William Glatfelter became Glatfelter's new president. He continued to expand the company and founded the Glatfelter Wood Pulp Company in 1918 to meet the increasing demand for wood.
In January 1998, Glatfelter acquired the Schoeller & Hoesch paper mill in Gernsbach in Baden-Württemberg for around 160 million US dollars from Deutsche Beteiligungs AG .
In April 2013, Glatfelter acquired Dresden Papier GmbH for around 160 million euros from Fortress Paper Ltd. In 2018, the specialty papers business was sold to a company owned by the financial investor Lindsay Goldberg .
Products
The PH Glatfelter Company produces various paper products such as carbonless paper or paper for hygiene products. The range also includes packaging for food, tea bag paper based on abaca , filter paper for coffee or paper for book production.
Locations
Glatfelter has ten production sites in North America and Europe, as well as a plant in Asia:
- Spring Grove , Pennsylvania
- Chillicothe , Ohio
- Fremont , Ohio
- Gatineau , Canada
- Scaër , France
- Gernsbach (factory: Glatfelter Gernsbach ), Germany
- Heidenau (factory: Dresden Papier), Germany
- Pritzwalk , Germany
- Lydney , Gloucestershire , United Kingdom
- Caerphilly , Wales, United Kingdom
- Baloi , Philippines
Individual evidence
- ↑ Corporate Officers
- ↑ a b Form 10-K 2018 , accessed on April 22, 2019
- ↑ fundinguniverse.com: PH Glatfelter Company
- ↑ GLATFELTER COMPLETES SALE OF SPECIALTY PAPERS BUSINESS UNIT , at www.glatfelter.com , accessed on April 22, 2019