Magnera Corp

(In millions of dollars, except as otherwise noted) General The Company is a leading global supplier of a diverse portfolio of innovative specialty materials comprised of organic and synthetic raw ingredients. We market our products predominantly into stable, consumer-oriented end markets for disposable and durable applications. End user examples include wipes, healthcare, adult incontinence, apparel, baby, feminine care, air filtration, and food and beverage. We also provide technical solutions in infrastructure markets. Our customers include a mix of leading global and national brands, private label, and small to mid-sized regional businesses. On November 4, 2024 (the Closing Date ), Treasure Holdco, Inc. ( Treasure ), which was a wholly owned subsidiary of Berry Global Group, Inc. ( Berry ), completed its merger (the Transaction ) with the Glatfelter Corporation ( GLT or Glatfelter ) which concurrently changed its name to Magnera Corporation (the Company, we, or Magnera ). As a result, pre-Transaction Treasure shareholders received shares of Magnera representing 90% of the combined company and GLT shareholders retained 10%. As Treasure was identified as the accounting acquirer, the prior year presentation represents standalone Treasure results with the acquisition method of accounting being applied to the assets acquired and liabilities assumed from GLT. See Note 2. Acquisition.