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Coldenhove is a Netherlands-based specialty materials manufacturer
November 3, 2017
By: Tara Olivo
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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