Mativ

What Mativ does

Mativ Holdings, Inc. (NYSE: MATV) is a global specialty materials company formed in July 2022 through the merger of Schweitzer-Mauduit International (SWM) and Neenah, Inc., headquartered in Alpharetta, Georgia. The company operates through two reportable segments: Filtration & Advanced Materials (filter media, engineered films, nettings, cores, and tubes serving industrial filtration, healthcare, transportation, water purification, wind turbines, and infrastructure) and Sustainable & Adhesive Solutions (specialty papers, release liners, healthcare adhesives, packaging solutions, and industrial adhesive tapes serving automotive, consumer wellness, graphic arts, and industrial end markets). Its underlying technology combines polymers, fibers, and resins to produce engineered materials for demanding performance applications, with proprietary platforms including Argotec TPU interlayer films for glass lamination and an electrochromic window (eWindow) technology developed in partnership with Miru Smart Technologies.

Mativ manufactures on three to four continents and sells in over 100 countries through a portfolio of sub-brands — Argotec, Neenah, Gessner, Scapa Industrial, Scapa Healthcare, Conwed, ITASA, Indafor, Barnier, Tekra, Delstar, Southworth, Astrobrights, and Renfrew Pro — serving enterprise customers via direct B2B field sales, with pricing on a quote-based, undisclosed basis. The company reported FY2025 net sales of $1,987.0 million (up 0.3% reported, up 2.5% organic), adjusted EBITDA of $224.7M (margin 11.3%, +30 bps), and record free cash flow of $93.8M, while taking a $411.9M goodwill impairment that drove a full-year GAAP loss of $337.4M.

The company has undergone significant portfolio and organizational reshaping since its formation: divestiture of the Engineered Papers business for $620 million (December 2023), a two-segment realignment targeting $40 million of overhead cost reduction (announced January 2024), leadership turnover including a new CEO (Shruti Singhal, March 2025) and CFO (Scott Minder, effective January 2026), and a strategic equity investment in Miru Smart Technologies (January 2026) to commercialize electrochromic window technology in automotive and architectural markets. Capital structure activity has been active, including a $400M senior notes issuance (September 2024), a $500M JPMorgan-led leveraged loan (March 2026), and a ~$894.9M credit facility amendment (April 2026).

Name

Mativ

Legal name

Mativ Holdings, Inc.

Website

https://mativ.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Mativ Holdings is a global specialty materials company producing engineered polymers, fibers, films, adhesives, and filtration media sold to enterprise customers across automotive, healthcare, industrial, and consumer markets in 100+ countries.

Ownership category

akta.pro rank

Product category

Specialty Materials

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Textile and Fabric Finishing and Fabric Coating Mills (3133)

SIC

Unsupported Plastics Film & Sheet (3081), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Lidding, Sealant & Packaging Webs (Heat-Seal, Peelable, Retort Lids) (IMALABAG)

akta.pro secondary industries

Multilayer Laminates & Composite Structures (Solvent/Water/Extrusion Laminated) (IMALABAD), Coating & Adhesive Raw Materials (Resins, Additives, Solvents) (IMAEAGAK), Flexibles for Hygiene & Medical (Sterile Barrier, Wound Care, Diaper Backsheets) (IMALABAK)

Keywords

• Specialty materials manufacturing
• Filtration media products
• Adhesive solutions manufacturing
• Engineered polymer films
• Release liners production

Headquarters

HQ city

Alpharetta

HQ country

United States

HQ region

North America

Offices37 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Filtration & Advanced Materials: Revenue from filter media, engineered films, nettings, cores, and tubes serving industrial filtration, healthcare, transportation, water purification, and infrastructure applications
2. Sustainable & Adhesive Solutions: Revenue from specialty papers, release liners, healthcare adhesives, packaging solutions, and industrial adhesive tapes serving automotive, consumer wellness, graphic arts, and industrial end markets

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Mativ manufactures and sells specialty materials through two segments: Filtration & Advanced Materials (filter media, engineered films, nettings, cores, and tubes for industrial, healthcare, transportation, water purification, and infrastructure applications) and Sustainable & Adhesive Solutions (specialty papers, release liners, healthcare adhesives, packaging solutions, and industrial adhesive tapes for automotive, consumer wellness, graphic arts, and industrial end markets). The company combines polymers, fibers, and resins to produce engineered materials that connect, protect, and purify for industrial, automotive, healthcare, construction, and consumer customers globally.

Product overview

Mativ is a specialty materials company organized into two core business segments: Filtration & Advanced Materials and Sustainable & Adhesive Solutions. The company operates through a portfolio of sub-brands including Argotec (engineered polymer films for automotive glass lamination and smart windows), Neenah Paper (specialty papers), Gessner (filtration media), Scapa Industrial and Scapa Healthcare (adhesive solutions and healthcare manufacturing), Conwed (industrial netting), ITASA (release liners), Indafor (durable substrates), and consumer brands like Southworth and Astrobrights. The company's broad technology portfolio combines polymers, fibers, and resins to serve filtration, protective, adhesive, packaging, and healthcare applications across industrial, transportation, and consumer markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Filtration & Advanced Materials A Mativ business segment offering filter media, engineered films, nettings, cores, and tubes for filtration and protective applications across industrial, healthcare, transportation, water purification, wind turbines, infrastructure, and construction end markets.
• Sustainable & Adhesive Solutions A Mativ business segment providing tapes, packaging solutions, skin-friendly adhesives, release liners, industrial tapes, healthcare adhesives, and specialty papers for automotive, consumer wellness, graphic arts, home and office, industrial, luxury goods, paint and construction, spirits and food, and sports markets.
• Argotec Engineered polymer film brand and global leader in extrusion of optical interlayer and edge seal films for glass lamination and glazing applications, including automotive, aerospace, medical, and smart glass. Includes Argotec TPU interlayer films for electrochromic window lamination.
• Neenah Paper Leading global manufacturer of specialty papers and sustainable solutions for premium image, packaging, and industrial applications.
• Gessner Global filtration solutions provider offering filter media and filtration products for a wide range of industries including HVAC, industrial air filtration, and water purification.
• Scapa Industrial Leading global manufacturer of bonding products and adhesive components for industrial applications.
• Scapa Healthcare Trusted strategic contract manufacturer for leading healthcare and consumer companies, producing medical adhesives, wound care solutions, and consumer plastic products.
• Conwed World-leading manufacturer of industrial netting for a wide range of industries including filtration, construction, and automotive.
• Indafor Leading producer of durable substrates for a variety of end markets.
• ITASA Leading global coater and converter of high-quality paper and film release liners.
• Barnier Specialist manufacturer of adhesive tapes for building professionals.
• Renfrew Pro Leading manufacturer of hockey tape since 1980.
• Southworth Consumer paper products for meaningful moments, including premium stationery and specialty papers.
• Astrobrights Bold, vibrant, colorful paper products to bring ideas to life for consumer and professional use.
• Tekra Leading worldwide supplier of high-performance plastic materials and films.
• Delstar Leading extruded plastic manufacturer for consumer and advanced wound care applications.
• Red Bridge Premium cover materials for security documents and key publishing markets.

Quantifiable outcome

• eWindow technology can extend EV range by up to 10%
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Miru Smart TechnologiescoreStrategic or Co-development Partner · 14 January 2026Mativ invested equity into Miru Smart Technologies to deepen their strategic partnership for dynamic electrochromic window (eWindow) technology targeting automotive vehicle platforms. The partnership began with a joint development agreement in 2024 and has achieved technical milestones including developing one of the world's largest compound-curved electrochromic sunroofs (1.5m x 1.6m) and fulfilling first commercial purchase orders from major glass manufacturers in 2025. The partnership aligns with Miru's 2028 mission of deploying 10 million square feet of eWindows, integrating Argotec's high-performance TPU-based films into Miru's manufacturing process.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Sealed Air Corporation: Global provider of protective packaging, food packaging, and hygiene solutions. Comparable to Mativ in protective and sustainable packaging films and release liner substrates, though focused more on food/protective applications versus Mativ's broader specialty materials scope.
• Berry Global Group: Large global manufacturer of plastic packaging products, engineered materials, and nonwovens serving consumer and industrial markets. Overlaps with Mativ's flexible films, nonwovens, and packaging solutions across multiple end markets but at much broader scale.
• 3M Company: Diversified global conglomerate with materials science portfolio spanning adhesives, filtration, and specialty films across industrial, healthcare, and consumer markets. Overlaps with Mativ's Scapa adhesives, Gessner filtration, and Argotec films franchises as a broad incumbent rather than direct niche competitor.
• Johns Manville (Berkshire Hathaway): Berkshire Hathaway-owned manufacturer of insulation, roofing, and engineered products including filtration media and specialty nonwovens. Comparable to Mativ in filtration and industrial specialty materials, though JM operates as a much broader building/construction-focused incumbent.

Direct peers

• Lydall: Specialty filtration and advanced materials company serving industrial, automotive, and life sciences markets. Highly comparable to Mativ's Filtration & Advanced Materials segment, particularly in engineered nonwovens, filtration media, and thermal/acoustic solutions.
• Ahlstrom: Finland-based global leader in fiber-based specialty materials including filtration media, release liners, and industrial nonwovens — directly comparable to Mativ's Filtration & Advanced Materials and Sustainable & Adhesive Solutions segments across both product mix and customer base.
• AptarGroup: Global supplier of dispensing systems, sealing solutions, and active material science solutions for pharmaceutical, beauty, home, and food/beverage markets. Comparable to Mativ in specialty materials serving healthcare, consumer, and packaging applications, with overlap in films and adhesive/sealant technologies.
• Hollingsworth & Vose: Privately-held global manufacturer of filtration media, battery separator materials, and specialty nonwovens. Closely comparable to Mativ's Gessner filtration business and Conwed netting/nonwovens franchise across industrial, transportation, and HVAC filtration end markets.
• Sonoco Products Company: Global manufacturer of industrial and consumer packaging products, specialty papers, and protective solutions. Direct overlap with Mativ's specialty papers, release liners, and protective films businesses serving similar industrial and consumer end markets.
• Glatfelter: US-based specialty papers and engineered nonwoven materials manufacturer serving filtration, packaging, and industrial markets. Closely comparable to Mativ's specialty papers (Neenah), filtration media (Gessner), and industrial netting (Conwed) franchises.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/mativglobal
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• Instagraminstagram.com/mativglobal

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries15 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mativ