Magnera Corporation (MAGN) is a global manufacturer specializing in personal care and consumer solution products. The company operates across diverse geographic regions, including the Americas, Europe, and Asia, producing essential items such as medical garments, wipes, diapers, and filtration products. MAGN leverages its expertise in polymer resin and wood-based fibers to deliver innovative solutions tailored to customer needs.
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Consumer Solutions - Manufactures products such as wipes, dryer sheets, face masks, and filtration products for everyday consumer use.
- Wipes - Includes cleaning and hygiene wipes for various applications.
- Home, Food & Beverage - Produces items like dryer sheets and filtration products for household and industrial use.
- Infrastructure - Supplies materials for construction and industrial applications, including cable wraps.
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Personal Care - Produces baby diapers, adult incontinence products, and medical garments for healthcare and personal hygiene.
- Baby - Offers diapers designed for infants and toddlers.
- Adult - Provides incontinence products tailored for adult needs.
- Healthcare - Manufactures medical garments and face masks for healthcare professionals and patients.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Curtis L. Begle ExecutiveBoard | Chief Executive Officer | Board of Directors, Flexible Packaging Association (Member since 2016, Chair from 2019-2021); Board of Directors, Deaconess Health Systems (Member since 2019); Board of Trustees, University of Evansville (Member since 2019); Chairman, Evansville Regional Economic Partnership (Since 2016); Evansville Promise Neighborhood Sustainability Council (Appointed Member) | CEO of Magnera Corporation since its formation, Curtis L. Begle has led the company from its inception and brought extensive experience in the consumer packaging and engineered materials industry. | View Report → |
James M. Till Executive | Chief Financial Officer (CFO) | James M. Till serves as the Chief Financial Officer (CFO) at MAGN and is also listed as EVP, CFO & Treasurer, demonstrating his executive role in the company; he has significant experience from his previous positions at Berry Global Group and NewCo. | ||
Jill L. Urey Executive | Executive Vice President, General Counsel, and Corporate Secretary | Jill L. Urey serves as the Executive Vice President, General Counsel, and Corporate Secretary at MAGN since January 31, 2025. Previously, she held leadership roles including Vice President, General Counsel & Compliance and has extensive experience in legal and compliance functions. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Berry Global’s HHNF Business (Magnera Corporation) | 2024 | Deal structured as a Reverse Morris Trust transaction, with Berry shareholders retaining 90% of the new entity and Glatfelter 10%, including a 1-for-13 reverse stock split and a share exchange ratio of 0.276305 shares per Berry share; the combined company generated $3.5 billion in revenue with financing through an asset-based credit facility, a senior secured term loan, and rolled senior notes. |
Mount Holly Facility Acquisition | 2021 | Acquisition completed on May 13, 2021 for approximately $170.7–175 million, financed with cash and borrowing, acquiring a facility with 37,000 metric tons annual capacity along with product development and pilot operations focused on high-quality airlaid products, enhancing Glatfelter's engineered materials portfolio. |
Jacob Holm Acquisition | 2021 | Completed on October 29, 2021, with an enterprise value of approximately $302–$308 million funded by a senior unsecured notes issuance and cash; this strategic move added spunlace nonwoven capabilities, diversified Glatfelter's portfolio, and delivered expected annual cost synergies of $20 million along with expanded global manufacturing and sales presence. |
Recent press releases and 8-K filings for MAGN.
- Q2 2025 financials: The company reported GAAP net sales of $824 million, operating income of $4 million, and adjusted EBITDA of $89 million for the quarter, reflecting strong revenue growth and integration progress.
- Merger impact and execution: Key contributions from the Glatfelter merger, including a significant revenue boost, were noted alongside efforts to optimize operations amid global economic uncertainties.
- Revised guidance: The firm reaffirmed its updated outlook by lowering the full-year comparable adjusted EBITDA range and maintaining a strong focus on post-merger adjusted free cash flow targets (e.g., $42 million in Q2).