Glatfelter Corporation's consolidated net sales for 4Q 2020 totaled $235.3 million compared with $231 million during the same period in 2019. On a constant currency basis, Composite Fibers’ and Airlaid Materials’ net sales decreased by 1.4% and 5.2%, respectively.
Georgia-Pacific LLC has reached an agreement to sell their nonwovens business to Glatfelter. The transaction is subject to customary closing conditions, including regulatory clearances from competition authorities. The price is $175 million.