Feldmuehle Uetersen to be sold to holding company

Appvion is a North American leader in specialty papers and coatings. We aim to achieve sustained profitable growth for continued successful business development and improved corporate citizenship through responsible business practices and integrity. We are committed to building environmental sustainability, social responsibility, and effective corporate governance into all aspects of our business while ensuring that ecological stewardship is a key component of our corporate responsibility. Our approach to sustainability is focused on four key areas: Environment; Community; Workplace; and Economy.

Rayonier Advanced Materials Inc. announced that, in working with its lenders under its Senior Secured Credit Agreement, it has entered into an amendment under which, among other changes, the lenders have agreed to relax the financial covenants through 2022. In addition, the Amendment provides additional liquidity to the Company by reducing the minimum availability the Company is required to maintain under its revolving credit facility. The Amendment added a 1 percent LIBOR floor and lenders were paid a customary fee as consideration for their consent to the Amendment. “In light of the COVID-19 pandemic, it was prudent to obtain additional financial flexibility to ensure continued compliance with our covenants,” said Paul G. Boynton, President and Chief Executive Officer. “We believe we now have the runway to manage the business through these challenging conditions, enabling us to continue to service our customers and emerge a stronger and more profitable organization.”

In a significant move to address the evolving needs of the graphics industry, UPM Raflatac is pleased to announce the expansion of its Graphics Solutions product range. Designed to meet growing customer demands for high quality, durable and versatile materials, the expansion includes the launch of a range of new, self-adhesive products. The new solutions being showcased include a range of self-adhesive films and protection laminates specifically engineered with high tack adhesive for large format printing (LFP) applications. Available to customers from April, the new High Tack Polymeric LFP range is tailored for demanding indoor and outdoor LFP applications on polar and non-polar surfaces, offering key benefits for customers including a high initial tack and a clear, non-yellowing adhesive that is resistant to temperature, water, chemicals and UV.