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Neenah Completes Coldenhove Purchase

Coldenhove is a Netherlands-based specialty materials manufacturer

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Neenah Paper, Inc. announced that it had completed the purchase of the outstanding equity of W.A. Sanders Coldenhove Holding B.V. Coldenhove is a specialty materials manufacturer based in the Netherlands, with a leading position in digital transfer media and other technical products.

Upon closing, the company made a cash payment of approximately $45 million. The payment was financed through almost $14 million of available cash on hand, with the balance from incremental borrowing against the company’s existing global revolving credit facility. Interest rates on the additional short term debt were under 2%.   

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