Neenah, Inc. Acquires Vectorply Corporation

Charlotte Pipe and Foundry Acquires Neenah Enterprises, Incorporated

July 13, 2022

Manufacturing

Charlotte Pipe and Foundry Company purchased Neenah Enterprises, Incorporated effective July 13, 2022. Neenah, headquartered in Neenah, Wisconsin, operates three foundry plants producing construction and industrial castings; Charlotte Pipe said the deal builds on its core competency in manufacturing grey iron castings.

Schweitzer‑Mauduit (SWM) and Neenah Merge to Form Mativ

July 6, 2022

Manufacturing

Schweitzer‑Mauduit International (SWM) and Neenah, Inc. completed a merger of equals to form Mativ Holdings, Inc., a global specialty materials company with approximately $3.0 billion in annual sales. The transaction creates a scaled platform headquartered in Alpharetta, Georgia, with expected cost synergies of $65+ million and combined capabilities across filtration, engineered papers, protective solutions, healthcare and packaging.

Appvion Acquires Nekoosa Coated Products

November 1, 2022

Manufacturing

Appvion, a portfolio company of Wynnchurch Capital, announced the addition of Nekoosa Coated Products, LLC to its platform as part of an investment by Wynnchurch. Nekoosa, headquartered in Nekoosa, Wisconsin, is a manufacturer of specialty engineered papers, films and application tapes previously owned by Sentinel Capital Partners; financial terms were not disclosed.

Milliken & Company Acquires Polartec from Versa Capital Management

June 11, 2019

Manufacturing

Milliken & Company signed a definitive agreement to acquire Polartec, LLC from Versa Capital Management; the transaction is expected to close in June and financial terms were not disclosed. The acquisition brings Polartec's performance textile portfolio — including outdoor, fleece, workwear and military-grade fabrics — into Milliken's manufacturing platform to expand its product capabilities and regional manufacturing reach.

Patrick Industries Acquires Inland Plywood Company

August 3, 2020

Building Products

Patrick Industries, Inc. has acquired Inland Plywood Company, a family-owned supplier, laminator, and wholesale distributor of plywood and specialty panels headquartered in Pontiac, Michigan. The acquisition expands Patrick's building-products and distribution capabilities in the marine, RV, and industrial markets and will support Inland's growth and broader geographic reach.

Exchange Income Corporation Acquires Spartan Mat, LLC and Spartan Composites, LLC

November 13, 2024

Manufacturing

Exchange Income Corporation (EIC) completed the acquisition of Spartan Mat, LLC and its subsidiary Spartan Composites, LLC for US$120 million (including US$18 million in EIC common shares). The purchase expands EIC's Environmental Access Solutions business into the U.S. matting market and adds Spartan's SYSTEM7 composite mats and FODS Trackout products to its manufacturing portfolio.