Mativ Holdings, Inc. (Mativ) operates as a global leader in specialty materials.
Mativ manufactures globally through the company’s family of business-to-business and consumer product brands. Mativ targets premium applications across diversified and growing end-markets, from filtration to healthcare to sustainable packaging and more. The company’s broad portfolio of technologies combines polymers, fibers, and resins to optimize the performance of the company’s customers’ products across multiple...
Mativ Holdings, Inc. (Mativ) operates as a global leader in specialty materials.
Mativ manufactures globally through the company’s family of business-to-business and consumer product brands. Mativ targets premium applications across diversified and growing end-markets, from filtration to healthcare to sustainable packaging and more. The company’s broad portfolio of technologies combines polymers, fibers, and resins to optimize the performance of the company’s customers’ products across multiple stages of the value chain. The company manufactures on three continents, conduct business in over 90 countries and operate 35 production locations worldwide. The company’s products are sold globally, though are most prevalent in North America and Europe with, to a lesser extent, the Asia-Pacific and the rest of the world making up the remainder.
Segments
The company operates through Filtration & Advanced Materials (FAM) and Sustainable & Adhesive Solutions (SAS) segments.
The FAM segment supplies customers directly, serving a diverse set of generally high-growth end markets. FAM end markets include water and air purification, life sciences, industrial processes, transportation, glass and glazing, packaging, agriculture, building and construction, safety and security.
The SAS segment is focused primarily on tapes, labels, liners, specialty paper, packaging and healthcare solutions. The SAS segment supplies customers through distribution and directly, serving growing and mature end markets including building and construction, DIY, product packaging, consumer & commercial papers, personal care, advanced wound care, medical device fixation and medical packaging.
Filtration & Advanced Materials
Filtration & Advanced Materials is focused on manufacturing and selling highly engineered polymer, resin, and fiber-based substrates, nets, films, and other performance materials for demanding end-use applications. FAM primarily supplies customers directly, serving a diverse set of higher growth global end markets. The segment's key product categories include:
Filtration & Netting - includes specialty filtration media and components aiding in the separation and purification of air and liquids for a variety of applications, such as transportation applications, water filtration, industrial processes, life science, HVAC and air pollution control. The segment also includes extruded mesh products used in agriculture and various packaging applications.
Advanced Films - includes thermoplastic polyurethane films with key attributes such as UV and scratch resistance, durability and high-performance clarity. Applications of this media include automotive paint protection films, interlayer films and lamination for ballistic resistance, medical films and composites for advanced wound care and consumer products, security glass, high-performance graphic substrates, and emerging smart glass applications.
Markets and Customers: The applications and customers the FAM segment serves are in growing end markets, and as a percentage of total FAM segment net sales in 2024, were as follows: filtration & netting – 64%, and advanced films – 36%. These products are highly engineered and often customized. The company's products are generally used in markets that are directly affected by economic business cycles. Most products are performance-based and require extended qualification by customers; however, certain categories may also be subject to the substitution of lower cost substrates for less demanding applications.
Sales and Distribution: FAM products are primarily sold as a component part directly to system integrators and downstream manufacturers, with a small amount sold through distribution. The company typically delivers its products to customers by truck, rail, and ocean-going vessels.
Competition: The company's FAM products are typically leaders in their respective categories and compete against specialty products made by competitors such as Shaoxing Naite Plastics Co. Ltd., 3M Company, Covestro AG, ORAFOL Europe GmbH, Hollingsworth and Vose Company, and Ahlstrom Holding 3 Oy.
Seasonality: Generally, sales of the company's products are subject to seasonal fluctuations, and periodic machine downtime typically results in lower order volumes in the fourth quarter (year ended December 2024).
Sustainable & Adhesive Solutions
Sustainable & Adhesive Solutions leverages a diverse array of production techniques, including precision coating, adhesive application, saturation, and advanced converting, to manufacture specialty products that are highly customized for specific, demanding applications, and often service specialty segments of large, global categories. SAS sells its products through a number of channels, including authorized distributors, converters, major retailers, as well as directly to customers and system integrators. For the twelve-month period ended December 31, 2024, SAS comprised approximately 61% of the company's revenues. The segment’s key product categories include:
Tapes, Labels & Liners – includes substrates for tapes used in building & construction, infrastructure, DIY, athletic, and industrial applications; substrates critical to protection and adhesive separation (including release liners and carriers) for applications in the personal care, label, tape, industrial, graphic arts, composites and medical categories, as well as performance labels and cable wrapping.
Paper & Packaging – includes premium printing and other specialty papers and packaging applications used for print collateral, advertising, direct mail, sustainable alternatives, product packaging, graphics, wallpaper and education, as well as consumer office, stationery and craft papers sold to large retailers, for small business, personal use and educational applications.
Healthcare & Other – includes advanced wound care, consumer wellness, device fixation, medical packaging, as well as a wide range of other solutions and applications.
Markets and Customers: The applications and customers the SAS segment serves are in a combination of growing and mature end-markets. A percentage of total SAS segment net sales in 2024 were as follows tape, labels & liners – 50%, paper & packaging – 27%, and healthcare & other – 23%. Many of these products are highly engineered and often customized. The company’s products are generally used in markets that are directly affected by economic business cycles.
Sales and Distribution: SAS products are sold through distribution and direct channels. The company typically delivers its products to customers by truck, rail, and ocean-going vessels.
Competition: The company’s SAS products are typically leaders in their respective categories and compete against specialty products made by competitors such as Advanced Medical Solutions Group plc, Ahlstrom Holding 3 Oy, Mondi plc, Loparex LLC, Fedrigoni S.p.A., and Potsdam Specialty Paper, Inc.
Seasonality: Generally, sales of the company’s products are subject to seasonal fluctuations and periodic machine downtime and typically with lower order volumes in the fourth quarter (year ended December 2024).
Intellectual Property
As of December 31, 2024, Mativ owned about 815 patents and patent applications globally.
Government Regulation
The company is subject to the U.S. Foreign Corrupt Practices Act, U.S. export control and trade sanction laws, and similar anti-corruption and international trade laws in certain foreign countries, such as the U.K. Bribery Act. Aspects of its operations and businesses are also subject to privacy, data security, and data protection regulations, which impact the way it uses and handles data, as well as how it operates its products and services.
History
The company was incorporated in 1995. The company was formerly known as Schweitzer-Mauduit International, Inc. and changed its name to Mativ Holdings, Inc. in 2022.