Neenah completes purchase of Coldenhove
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.