SWM International Acquired by Evergreen Hill Enterprise
Dec. 6, 2023 – SWM International announced its successful acquisition by Evergreen Hill Enterprise Pte. Ltd. The company will now operate as an independent, privately owned business with its headquarters located in Luxembourg.
Financial terms of the deal were not disclosed.
“Today marks a milestone for our employees, our customers, and our partners,” said Katrin Hanske, CEO of SWM International. “Leveraging our profound engineering expertise in botanicals and natural fibers, we are dedicated to further advancing innovation in our distinctive products and technologies, all while expanding our manufacturing capabilities.”
Evergreen Hill Enterprise also completed the acquisition of Mativ Holdings’ Engineered Papers business on December 1. The new company will operate under the name SWM International.
Evergreen Hill Enterprise, an affiliate of BMJ, is based in Singapore and is part of an Indonesian-based privately held group of diversified companies serving a wide variety of industries, such as banking, tobacco, consumer electronics, telecommunications, fast moving consumer goods, e-commerce, plantation, hotels and real estate, and many others.
SWM International is a leading supplier of premium, highly engineered lightweight materials. The company serves various industry segments, including tobacco, cannabinoids, battery, surface protection, packaging, and medical. With a global footprint including facilities in Asia, Europe, Latin America, and the United States, the company is home to nearly 2,000 employees worldwide, including an experienced management team.
SOURCE: SWM International