GlobeNewswire Inc | Dec 16, 2021 08:55AM EST

December 16, 2021

CHARLOTTE, N.C., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, in cooperation with joint venture (JV) partner ALPLA Group, the global packaging solutions and recycling specialist, announces their partnership with Blue Ocean Closures (BOC), a startup based in the region of Vrmland in Sweden, to develop innovative natural fiber-based closures and other molded packaging products using dryforming technology.

This partnership brings together like-minded companies that share similar sustainability objectives and goals, said Chris Astley, Senior Vice President and Chief Commercial Officer of Glatfelter. We are excited to partner with ALPLA and BOC to make more innovative and eco-friendly products that will have a lasting effect on our world.

As part of this sustainability partnership, Glatfelter and ALPLA are joining together to initially develop high-quality cellulose-based products, like screw caps, that are fully biobased and potentially ocean biodegradable. This unique collaboration will support BOC in its product development and shorten time to market even further.

We are investing continuously in the research and use of alternative, bio-based packaging materials to complement our product portfolio, stated Christian Zmlnig, Director Corporate Research, Development and Innovation at ALPLA. Now we are looking forward to bringing our expertise into the new cooperation with Glatfelter and BOC.

We are pleased about the partnership with leading companies from the industry. In addition to a common vision for a sustainable future, they also bring enormous competencies in the field of production technology and materials science into our company, said Lars Sandberg, Chief Executive Officer of BOC.

Caution Concerning Forward-Looking Statements

Any statements included in this press release that pertain to future financial and business matters are forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as anticipates, believes, expects, future, intends, plans, targets, and similar expressions to identify forward-looking statements. Any such statements are based on the Companys current expectations and are subject to numerous risks, uncertainties and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements. The risks, uncertainties and other unpredictable or uncontrollable factors are described in the Companys filings with the U.S. Securities and Exchange Commission (SEC) in the Risk Factors section and under the heading Forward-Looking Statements in the Companys most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are available on the SECs website at www.sec.gov. In light of these risks, uncertainties and other factors, the forward-looking matters discussed in this press release may not occur and readers are cautioned not to place undue reliance on these forward looking statements. The forward-looking statements speak only as of the date of this press release and the Company undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release.

About Glatfelter

Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The Companys high quality, technology-driven, innovative, and customizable nonwovens solutions can be found in products that are Enhancing Everyday Life. These include personal care and hygiene products, food and beverage filtration, critical cleaning products, medical and personal protection, packaging products, as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Companys annualized net sales approximate $1.4 billion with over 3,300 employees worldwide. Glatfelters operations utilize a variety of manufacturing technologies including airlaid, wetlaid and spunlace with sixteen manufacturing sites located in the United States, Canada, Germany, the United Kingdom, France, Spain, and the Philippines. The Company has sales offices in all major geographies serving customers under the Glatfelter and Sontara brands. Additional information about Glatfelter may be found at www.glatfelter.com.

Contacts: Investors: Media: Ramesh Shettigar Eileen L. Beck (717) 225-2746 (717) 225-2793