December 1, 2023
Luxembourg, December 1, 2023
Market-leading SWM International becomes an independent specialty materials company under private ownership.
Sale of Mativ Holdings, Inc. Engineered Papers business to Evergreen Hill Enterprise completed.
The new company will operate under the name SWM International. The company, under new ownership, plans to accelerate its investments in manufacturing excellence, product and technology innovation, and sustainability.
Luxembourg, December 1 – SWM International is pleased to announce its successful acquisition by Evergreen Hill Enterprise Pte. Ltd. The company will now operate as an independent, privately owned business with its headquarters located in Luxembourg.
SWM International is the global market leader in premium, highly engineered lightweight materials. The company serves various industry segments, including tobacco, cannabinoids, battery, surface protection, packaging, and medical. With a global footprint including facilities in Asia, Europe, Latin America, and the United States, the company is home to nearly 2,000 employees worldwide, including an experienced management team.
Katrin Hanske, CEO of SWM International: “Today marks a milestone for our employees, our customers, and our partners. Leveraging our profound engineering expertise in botanicals and natural fibers, we are dedicated to further advancing innovation in our distinctive products and technologies, all while expanding our manufacturing capabilities.”
SWM International is dedicated to advancing its environmental, social, and governance (ESG) strategy in collaboration with customers and partners. The Thinpact program focuses on decreasing the use of plastic by means including Evolute™, life-cycle assessment (LCA), and eco-design, driving customers closer to achieving circularity. The company is taking bold steps to reduce its own environmental footprint, including a targeted 40% reduction in greenhouse gas (GHG) emissions from 2020 to 2030. This involves ongoing investments in reduction of energy consumption and decarbonization projects, including the installation of a second biomass boiler in the French Quimperlé mill.
SWM International is the leading global supplier of premium, highly engineered lightweight materials, with deep expertise in botanicals and natural fiber-based solutions. Backed by centuries of experience, the company’s broad product portfolio, global footprint, and expert service offerings help drive innovation across all its markets.
These include combustible and smokeless tobacco, and next-generation categories such as heated tobacco and oral delivery solutions. The company’s advanced natural fibers also play a critical role in a wide range of industries and applications, including batteries, surface protection, and consumer and medical packaging.
SWM International, with the headquarter in Luxembourg, employs nearly 2,000 dedicated professionals at its world-class R&D and manufacturing facilities across Europe, the United States, Latin America, and Asia. Building on this wealth of expertise, the company is committed to working with its customers to accelerate the transition to safer and more sustainable solutions. These efforts are channeled through it Thinpact program, which aims to reduce the use of plastics and drive circularity in the industry.