Seaman Paper Expands European Presence with Julius Glatz Acquisition

According to Fastmarkets RISI, Seaman Paper has acquired German specialty paper manufacturer Julius Glatz. The deal complements Seaman Paper’s Rastatt, Germany facility, which specializes in tissue and crepe paper production.

Based in Neidenfels, Germany, Glatz produces lightweight specialty papers that are sold into industries such as tobacco, food packaging, and technical applications.

The acquisition adds Glatz’s workforce of about 240 employees to Seaman Paper’s existing operations in Gardner, MA: Rastatt, Germany; and Dongguan, China. The move bolsters Seaman’s ability to make and sell sustainable packaging alternatives to single-use plastics, and align with the company’s mission to deliver fiber-based solutions across key markets, the company said in a press release.

Seaman Paper is a family-owned company that makes high-quality, lightweight papers for packaging and specialty applications, including paper stretch wrap, colored tissue for packaging, custom printed tissue paper, paper void fill, tissue paper shred, paper transport sleeves, paper transport bags, among other products.

Seaman Paper noted in a press release that Glatz’s business divisions and production facilities will continue to operate and will be strategically supported and expanded. "We are committed to investing in Glatz’s growth in the region, increasing production capacity at the Glatz facilities, and leveraging their technology to develop new product lines and explore new markets," said Seaman Paper CEO Kenneth Winterhalter.

Winterhalter highlighted that Julius Glatz will remain a legally independent entity, and the Glatz brand will be preserved to further strengthen its market position globally from its German base.

Nina Ritter-Reischl, former co-owner and former Managing Dir of Glatz, commented: "Our companies have known and respected each other for years. Seaman Paper’s values align perfectly with our culture as a family-owned business. This partnership paves the way for a stable and sustainable future. We are excited to contribute our extensive expertise and deep roots in the German market to an international company, allowing us to offer our customers an even broader range of highly specialized solutions."

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