MKB Company, LLC Acquires Filtrexx International
2 prominent brands in the Erosion Control Industry under one company.
[Belleville, PA]: MKB Company, LLC, a pioneer in stormwater innovation, announced today it has acquired Filtrexx International, a national leader in sustainable sediment and erosion control solutions, from Mativ Holdings, Inc. (NYSE: MATV), a leading global manufacturer of specialty materials. The financial terms of the transaction were not disclosed.
The acquisition comes as environmental regulations established to protect and preserve the environment and waterways are becoming increasingly more stringent. For years, MKB and Filtrexx have worked separately to create products and services, as well as educate the industry on the most effective and durable stormwater BMPs in the market. The unification of the two organizations will combine both company’s product lines to bring the best erosion and stormwater control product offerings to the industry nationwide. Expanded resources, readily available products, extended reach, expanded manufacturing locations, and combined service are just a few benefits MKB and Filtrexx customers can expect with the acquisition.
“The combination of these two organizations and their product lines will bring the best erosion and stormwater control product offering to the industry nationwide. We are excited by the possibilities!” says Rick Costello, Vice President of Strategy at MKB Company.
Julie Schertell, CEO of Mativ, commented “Filtrexx has bright prospects and we are excited for the organization’s future under an owner with greater strategic alignment. For Mativ, this transaction represents a small step toward portfolio alignment and increased optionality as a result of our recent merger and as we sharpen the focus on our core end-markets and product lines.”
“MKB is pleased to welcome the Filtrexx employees into the MKB family,” said Rob Misso, President of MKB. “We have a shared commitment to providing exceptional service, quality products, and innovated products. We are very excited about the future of the combined organization”.
About MKB Company
MKB Company is a leading provider of products and services in the environmental control market. Their products are used in perimeter control, sediment management, erosion control, and pollution control markets. As an industry leader committed to excellence in customer satisfaction, they continue to manufacture innovative products and solutions that allow contractors and distributors to serve customers looking for better environmental outcomes.
About Filtrexx
Filtrexx International is a leader in Sustainable BMPs for use in erosion and sediment control, stormwater management, pollutant removal, and low-impact development to protect our soil, water, and environment. Filtrexx has an extensive network of partners, distributors, and installation services to serve customers across the globe.
About Mativ
Mativ Holdings, Inc. is a global leader in specialty materials headquartered in Alpharetta, Georgia. The company offers a wide range of critical components and engineered solutions to solve our customers’ most complex challenges. With over 7,500 employees worldwide, we manufacture on four continents and generate sales in more than 100 countries. The company’s two operating segments, Advanced Technical Materials and Fiber-Based Solutions, target premium applications across diversified and growing end-markets, from filtration to healthcare to sustainable packaging. Our broad portfolio of technologies combines polymers, fibers, and resins to optimize the performance of our customers’ products across multiple stages of the value chain. Our leading positions are a testament to our best-in-class global manufacturing, supply chain, and materials science capabilities. We drive innovation and enhance performance, finding potential in the impossible.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words like “may,” “will,” “likely,” “should,” “expect,” “anticipate,” “future,” “plan,” “believe,” “intend,” “goal,” “seek,” “estimate,” “project,” “continue,” and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations, and assumptions regarding the future of the business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Actual results and financial conditions may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include but are not limited to: market changes; raw material shortages; business strategies, cost management strategies; force majeure events; product failure; product design defects; manufacturing defects; and products liability litigation.
The forward-looking statements included in this press release are made only as of the date of this release, and except as otherwise required by federal securities law, Mativ Holdings, Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
MKB Media Contact
Rick Costello
MKB Company, LLC
rickc@kurtz-bros.com
Mativ Investors Contact
Mark Chekanow, CFA
Director, Investor Relations
(770) 569-4229
investors@mativ.com
Mativ Media Contacts
Missy Elam
Director, Communications
(678) 518-3263
media@mativ.com