Feb 12, 2010. /Lesprom Network/. Glatfelter has completed acquisition of Concert Industries Corp. from Brookfield Special Situations Management Limited, an affiliate of Brookfield Asset Management Inc., for Canadian $246.5 million ($235 million) subject to a post-closing working capital adjustment, company said in a statement received by Lesprom Network. Concert Industries, of Canada, makes cellulose-based non-woven material that is used in items like specialty wipes and feminine hygiene products. Approximately 80% of Concert’s sales come from the feminine hygiene market, which is expected to grow at a compound annual rate of approximately 5% for the next four years. “We are thrilled to add to the Glatfelter family of products another industry-leading global business that sells highly specialized, engineered fiber-based products to niche markets,” said George H. Glatfelter II, Chairman and CEO. “This acquisition combines the strengths of two highly regarded specialty producers and will build upon our respective relationships with premier global consumer products companies.” Glatfelter will operate Concert as a third business unit along with its Specialty Papers and Composite Fibers business units.