Neenah completes purchase of Coldenhove

November 6, 2017

Print Solutions

 

Neenah Paper has announced that it had completed the purchase of the outstanding equity of WA Sanders Coldenhove Holding BV.

 

 

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.

 

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