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Mativ Holdings
Mativ Holdings, led by CEO Julie Schertell, merged SWM and Neenah in 2022 into a $3B-revenue engineered materials and paper company.
Mativ Holdings
Mativ Holdings took its current form in July 2022 when Schweitzer-Mauduit International and Neenah, Inc. completed a merger of equals. Julie Schertell, formerly Neenah’s CEO, stepped in as president and CEO of the combined entity. The company’s ancestry stretches back to 1995 via SWM’s corporate lineage, but the Mativ name and platform represent a deliberate pivot toward engineered materials. Public records confirm the firm’s headquarters sit in Alpharetta, Georgia, with manufacturing sites distributed across North America, Europe, and Asia. Mativ’s portfolio divides into two segments: Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials business makes films, nets, laminates, and coated products used in medical packaging, semiconductor fabrication, and building wrap. The Fiber-Based Solutions segment supplies heat-management papers, filtration media, and specialty packaging grades to tobacco, industrial, and consumer end markets. Mativ’s output flows into products from global healthcare and electronics supply chains, with significant European manufacturing capacity supporting its tension and release liner operations. Schertell led the integration through a multi-year restructuring program first announced in early 2023, targeting cost reductions and organizational simplification across the combined platform. The company has disclosed ongoing portfolio reshaping, including the sale of its Engineered Papers business to Evergreen Hill Enterprise in August 2024 for roughly $620 million in proceeds. Mativ’s workforce has contracted through the consolidation, but the firm continues to operate facilities in the United States, France, Luxembourg, and China. Mativ’s structural differentiator lies in its dual-status as both a public company and a through-cycle consolidator of niche industrial manufacturing. Unlike pure-play materials firms, Mativ carries tobacco-adjacent legacy cash flows from its paper segment alongside high-growth exposure in semiconductor and medical materials. This hybrid cash-generation profile produces a governance challenge unusual for a company its size: balancing high-volume commodity paper margins against precision polymer applications where technical qualification cycles run years, not quarters.
General information
Firm type
Asset Manager
Year founded
1995
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Alpharetta
Corporate office
Alpharetta, GA, United States
Principals
Julie Schertell
President & Chief Executive Officer
Sector focus
Frequently asked questions
What was the strategic rationale behind the SWM-Neenah merger that created Mativ?
The July 2022 merger of equals between Schweitzer-Mauduit International and Neenah Inc. aimed to create a diversified specialty materials platform with scale across complementary manufacturing technologies. SWM brought expertise in engineered papers and tobacco-related products, while Neenah contributed technical materials used in filtration, medical packaging, and performance coatings. The combined company targeted operational synergies and a broader product portfolio that could serve industrial end-markets from construction to semiconductor fabrication (per SEC filings, 2022).
How is Mativ's revenue split across its two main business segments?
Mativ reports its business through Advanced Technical Materials and Fiber-Based Solutions segments. The Advanced Technical Materials division produces engineered films, nets, and laminates for healthcare and industrial applications. Fiber-Based Solutions primarily generates revenue from heat-management papers, filtration media, and specialty packaging. While segment-level splits shift with divestitures, the August 2024 sale of the Engineered Papers business significantly reduced the fiber segment's weight, concentrating the remaining portfolio toward technical materials (per the firm's annual and quarterly SEC reports, 2023–2024).
What is Mativ's footprint in the semiconductor and electronics supply chain?
Mativ supplies release liners and process materials used during semiconductor fabrication and electronics manufacturing. These products serve as consumable carriers and protective layers during chip production, making the company a tier-two supplier to the global semiconductor value chain. The Advanced Technical Materials segment houses this exposure, which aligns the firm with structurally growing end-markets without the capital intensity of a pure-play chip manufacturer (public record, 2023–2024).
What known divestitures or portfolio changes has Mativ executed since the merger?
The most significant divestiture to date is the August 2024 sale of the Engineered Papers business to Evergreen Hill Enterprise for approximately $620 million. This unit produced specialty papers for packaging, industrial products, and certain tobacco applications. Management framed the transaction as part of a broader initiative to simplify the portfolio and apply proceeds toward debt reduction and strategic reinvestment (per the firm's SEC filings, August 2024).
Who leads Mativ's executive team, and what is the governance structure?
Julie Schertell serves as President and CEO, a role she assumed at the merger's close in July 2022 after previously leading Neenah, Inc. The board of directors includes members from both legacy company boards, reflecting the merger-of-equals structure. As a publicly traded company listed on the NYSE under the ticker MATV, Mativ operates under standard SEC governance and disclosure requirements with an independent audit committee and compensation committee (public record, 2024).
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