Glatfelter's Strategic Transformation
17
Jacob Holm Synergies Summary
Jacob Holm is expected to yield ~$20 million of annual synergies within 24 months
One-time costs to achieve the synergies are an estimated ~$20 million
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Sourcing & Supply Chain
Spend consolidation across regions or categories, harmonization of overlapping
suppliers, negotiation of better terms with key suppliers
Optimization of regional distribution networks
Operational Improvement
Targeted reduction in waste and reduction of manufacturing downtime
Reduction of FTE across Jacob Holm manufacturing sites
Corporate SG&A Reduction and Other
Reduction in FTE overlap typical for the combination of two independently run companies
Back office and IT support consolidation and associated FTE reduction
Total Annual Synergies
~$20 million
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