P. H. Glatfelter Company Announces Corporate Name Change
P. H. Glatfelter Company (NYSE: GLT) has officially changed its name to Glatfelter Corporation, reflecting its transformation into a leading global engineered materials provider.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
P. H. Glatfelter Company (NYSE: GLT) has officially changed its name to Glatfelter Corporation, reflecting its transformation into a leading global engineered materials provider. The company has also completed the construction of its new corporate headquarters in Charlotte, North Carolina. This strategic rebranding aims to strengthen its market position and growth objectives. The new headquarters will be at 4350 Congress Street, Suite 600, Charlotte, NC, effective immediately. Trading under the new name is anticipated to begin on October 6, 2020.
Positive
- Name change to Glatfelter Corporation signifies brand evolution.
- Completion of new headquarters in Charlotte enhances corporate presence.
Negative
- None.
Details
News Market Reaction – GLT
The recorded move for GLT in the trading session of this news was +0.87%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
~ Construction Completed on Previously Announced New Corporate Headquarters in Charlotte, North Carolina ~
CHARLOTTE, N.C., Oct. 01, 2020 (GLOBE NEWSWIRE) -- P. H. Glatfelter Company (NYSE: GLT), a leading global supplier of engineered materials, announced today it is changing the name of its parent company to Glatfelter Corporation. In addition, the Company completed the construction of its previously announced new Corporate Headquarters in Charlotte, North Carolina.
“Given the progress the Company is making with our transformation, we believe now is an appropriate time to further shape the Company’s brand as a leading global engineered materials business,” said Dante C. Parrini, Chairman and Chief Executive Officer. “While we will always be grateful to our founders and proud of our heritage when operating as the P. H. Glatfelter Company, today’s announcement is part of the continued actions we are taking toward building the New Glatfelter and further repositioning the Company to deliver on our growth aspirations.”
The Company will continue to use “Glatfelter” in everyday business relations and informal communications and will maintain its existing stock symbol on the New York Stock Exchange (NYSE: GLT). Coinciding with these changes, the address of the Corporate Headquarters will also change to reflect the new Charlotte location: 4350 Congress Street, Suite 600, Charlotte, NC, 28209 U.S.A. The Company’s new name and headquarters address are effective immediately. The Company anticipates trading under its new name and CUSIP on the NYSE on October 6, 2020.
About Glatfelter
Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annualized net sales approximate
| Contacts: | |
| Investors: | Media: |
| Ramesh Shettigar | Eileen L. Beck |
| (717) 225-2746 | (717) 225-2793 |
| ramesh.shettigar@glatfelter.com | eileen.beck@glatfelter.com |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.