Ostrest GmbH acquired Glatfelter Ober-schmitten GmbH from Glatfelter Corporation (NYSE:GLT) for ?1 on August 15, 2023. The acquisition also includes the related distributor operations in Asia. Together with the site management, all employees, as well as the committees of the city of Nidda, a sustainable concept for the future will be developed and implemented in the coming weeks. Dan Litowitz, Ryan Bray, Thomas König, Clare O?Brien, Li Chen of Shearman & Sterling LLP acted as legal advisor to Glatfelter Corporation.

Ostrest GmbH completed the acquisition of Glatfelter Ober-schmitten GmbH from Glatfelter Corporation (NYSE:GLT) on August 15, 2023.