Benzinga | Jan 24, 2022 08:06AM EST

SWM And ConvaTec Enter Long-Term Supply Agreement; No Terms Disclosed

Schweitzer-Mauduit International, Inc. ("SWM" or "SWM International") and ConvaTec Ltd. ("ConvaTec") are pleased to announce that they have entered into a multi-year supply agreement in conjunction with their amicable resolution of pending litigation between the companies. Terms of the settlement and the commercial agreement were not disclosed.

John Petreanu, President -- Scapa Healthcare commented, "We are pleased to restart this long-term commercial relationship with ConvaTec, a leader in advanced wound care and ostomy products. SWM's subsidiary Scapa Healthcare has a lengthy history of delivering superior service and high-quality products that have supported ConvaTec over the years, and we welcome this opportunity to move forward together with a renewed sense of partnership and collaboration."

Kevin Mason, Vice President, Global Procurement of ConvaTec, commented, "SWM and ConvaTec have a shared a commitment to excellence, quality, and innovation. We are pleased to have reached a positive resolution and look forward to teaming up again with Scapa to deliver outstanding products to the marketplace."