Glatfelter (NYSE: GLT ) has a new asset in its portfolio. The company announced it has finalized the acquisition of Germany-based Dresden Papier, which according to the American firm is "the leading global supplier of nonwoven wallpaper base materials."
Glatfelter paid $210 million for the company, a purchase that was financed through a combination of cash on hand and monies from a revolving credit facility. It expects Dresden Papier to be immediately accretive to earnings at an annual rate of around $0.25 per share.
In the press release announcing the development, Glatfelter said it believes the global nonwoven wallpaper market will grow at a minimum compound annual growth rate of 10%.
Top Net Payout Yield Stocks To Invest In 2014: OFFICE2OFFICE ORD GBP0.01(OFF.L)
office2office plc provides managed procurement and business critical services to customers in the public, corporate, and mid-market sectors in the United Kingdom and the Republic of Ireland. The company?s managed procurement services help its customers to reduce their expenditure on office and business products. Its business critical services include communication services comprising creative design, print management, fulfillment, and response handling services enabling customers to outsource the requirements from a single provider; and on-site and off-site document destruction services. It provides managed supply chain solutions, including solution audit and design, it integration, inventory management, sourcing and purchasing, distribution, warehousing, and customer services. The company offers managed procurement services under the brand names of Banner, Accord, and Truline; and business critical services under the brand names of Banner Managed Communications and Banne r Document Services. office2office plc is headquartered in Norwich, the United Kingdom.
Top Net Payout Yield Stocks To Invest In 2014: Kesa Electricals(KESA.L)
Kesa Electricals plc, through its subsidiaries, engages in retailing electrical products. The company offers products in three categories: white, brown, and grey electrical goods and related accessories. The white category goods comprise large and small sized domestic appliances, such as refrigerators, washing machines, microwaves, coffee machines, and irons. The brown category goods include various vision and audio products consisting of flat-screen televisions, DVD players, MP3 players, and camcorders The grey category goods comprise telecommunications and multimedia products, including mobile telephones, personal computers, laptops, digital cameras, printers, scanners, games, and electronics. The company also provides various associated services, which include home delivery and installation, and credit and extended warranties. It operates approximately 700 stores under the brand names of DARTY, Comet, BCC, Vanden Borre, and Datart in France, the United Kingdom, Belgium , Holland, the Czech Republic, Slovakia, Italy, Luxembourg, Turkey, and Spain. Kesa Electricals plc is based in London, the United Kingdom.
Top Bank Stocks To Watch Right Now: Odyssey Resources Limited(ODX.V)
Odyssey Resources Limited, a junior exploration company, engages in the acquisition, exploration, and development of mineral resource properties, primarily precious metals properties. The company was incorporated in 1994 and is based in Longueuil, Canada.
Top Net Payout Yield Stocks To Invest In 2014: Albany Molecular Research Inc.(AMRI)
Albany Molecular Research, Inc. provides contract services to various pharmaceutical and biotechnology companies primarily in the United States, Europe, and Asia. The company offers a range of drug discovery services, including assay development and design, screening, screening library, natural product, medicinal chemistry, computer-aided drug discovery, in vitro ADMET, and bioanalytical services. It also provides chemical development services consisting of process research and development, custom synthesis, process safety assessment, scale-up capabilities, high potency and controlled substances, analytical services, preformulation services and physical characterization, preparative chromatography, IND support services, fermentation development and optimization, and building blocks collection and database services. In addition, the company offers chemical synthesis and manufacturing services. It manufactures active pharmaceutical ingredients (APIs)and advanced intermediate s. Further, the company provides contract manufacturing services in sterile syringe and vial filling for small molecule drug products and biologicals. Additionally, it offers formulation services, including neat API or pharmaceutical blend in capsules; PIB for solution and suspension; blending and sieving; milling; tableting; rheology; roller compaction; wet granulation; and fluid bed processing, including wurster coating; and associated analytical testing services for dosage formulation products, as well as provides analytical services, such as impurity identification and structure elucidation; method development, qualification, and validation; preformulation and physical characterization; quality control; stability services; analytical and preparative supercritical fluid chromatography; preparative chromatography; good laboratory practices bioanalytical services; and regulatory support/quality assurance services. The company was founded in 1991 and is based in Albany, New York.
Top Net Payout Yield Stocks To Invest In 2014: Educational Development Corporation(EDUC)
Educational Development Corporation operates as a trade publisher of a line of children?s books in the United States. It distributes children?s books published by Usborne Publishing Limited in the United Kingdom. The company offers various books, including Touchy-Feely board books, jigsaw puzzle books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels. It sells books through two divisions, Usborne Books and More, and Publishing. The Usborne Books and More division distributes books through independent consultants, who hold book showings in individual homes; and through book fairs, direct sales, and Internet sales. It also distributes these titles to school and public libraries. The Publishing division markets books to bookstores, toy stores, specialty stores, museums, and other retail outlets. It distributes books through commissioned trade representati ves who call on book, toy, specialty stores, and other retail outlets; and through in-house marketing by telephone to the trade. The company was founded in 1965 and is headquartered in Tulsa, Oklahoma.
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