Neenah, Cordenons Ink Strategic Deal - Analyst Blog
), a global manufacturer of technical products and fine papers,
recently signed a partnership deal with Italian high quality fine
papers manufacturer Gruppo Cordenons for an undisclosed amount.
According to the deal, Neenah will be marketing and distributing
Cordenons papers to the U.S. and Canada, while Cordenons will
carry on with manufacturing fine business papers at its Italy
The partnership is a win-win situation for both the companies. Neenah's papers combine innovative technology with in-depth business expertise to provide high quality and unique products to its clients. Cordenons has been making exquisite papers for nearly four centuries. Cordenons's papers are thick and heavy and are used by clients for business cards, greeting cards, covers, presentation folders, tags, invitations, social announcements and similar such purposes. This partnership will further help Gruppo Cordenons to strengthen its position globally and reach out to newer markets via Neenah. Based on this partnership both these companies will be able to offer distributors premium business products, which will add value and drive their businesses.
Based in Alpharetta, Ga, Neenah offers premium image and performance-based products such as filtration, specialized substrates used for tapes, labels and other products, and high-end printing papers. In the last reported quarter, Neenah reported revenues of $213.2 million, up 8% year over year. The year-over-year increase was attributable to growth in Fine Paper, aided by additional volumes from acquired brands.
Neenah has a Zacks Rank #3 (Hold). Other stocks that look
promising in the industry and are worth a look now include
Fibria Celulose SA.
Orchids Paper Products Company
), each carrying a Zacks Rank #2 (Buy).
FIBRIA CELULOSE (FBR): Free Stock Analysis Report
NEENAH PAPER (NP): Free Stock Analysis Report
ROCK-TENN CO (RKT): Free Stock Analysis Report
ORCHIDS PAPER (TIS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research