 Alpharetta, Jan. 27, 2021 GLOBE NEWSWIRE -- Schweitzer-Mauduit International, Inc. SWM or the Company NYSE: SWM today announced that it has reached an agreement with the Board of Scapa Group, Plc Scapa LSE: SCPA on the terms of a recommended cash offer to be made by SWMs wholly owned indirect subsidiary for the acquisition of the entire share capital of Scapa, a UK-based innovation, design, and manufacturing solutions provider for healthcare and industrial markets. Pursuant to the terms of the offer, Scapas shareholders will be entitled to receive 210 pence in cash for each Scheme Share. Based on Scapas closing share price of 1.77 and the exchange rate of US1.37:1 on January 26, 2021, the transaction implies an equity value of approximately 402.9 million, or 551.9 million see additional financial data below. The transaction is anticipated to be completed in the second quarter of calendar 2021. 