Neenah Paper renewed its share repurchase program

Neenah Paper renewed the company’s annual share repurchase program for up to USD 25 million of its outstanding common stock over the next twelve months ending May 31, 2018.

According to the announcement, purchases by the company under the program would be made from time to time in the open market or in privately negotiated transactions in accordance with the requirements of applicable law. The timing and amount of any purchases will depend on share price, market conditions and other factors.

Earlier Neenah Paper reported stable sales and profitability in 1Q2017

About Neenah Paper:

The company is a leading global specialty materials producer, focused on premium niche markets that value performance and image. Key products and markets include advanced filtration media, specialized substrates used for tapes, labels and other products, and premium printing and packaging papers. The company is headquartered in Alpharetta, Georgia, USA and its products are sold in over 70 countries worldwide from manufacturing operations in the United States and Germany.

Source: Woodbizforum