Seaman Paper Acquires Julius Glatz GmbH
December 17, 2024
Seaman Paper, a family-owned global paper and packaging company, has acquired Julius Glatz GmbH (including subsidiaries PaperTec GmbH and Glatz TransTec GmbH) to strengthen its specialty paper and converting capabilities. The acquisition preserves the Glatz brand and its roughly 240 employees at the Neidenfels, Rhineland-Palatinate operations and is intended to expand Seaman Paper's technological capabilities and presence in Germany and broader European markets.
- Buyers
- Seaman Paper Company
- Targets
- Julius Glatz GmbH, PaperTec GmbH, Glatz TransTec GmbH
- Sellers
- Glatz ownership (family), Nina Ritter-Reischl (former co-owner / Managing Director)
- Industry
- Packaging
- Location
- Rhineland-Palatinate, Germany
- Transaction Type
- Buyout
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