Neenah Paper announces that it is changing its name to Neenah Inc. effective January 1, 2018. The company says its ticker symbol on the New York Stock Exchange will remain NP and the names of any of its subsidiaries will not be affected.
“As we’ve continued to successfully execute our strategy to increase our presence in growing and profitable specialty niche markets, the last name of ‘paper’ does not sufficiently reflect the diversity of our current and future company,” says John O’Donnell, CEO. “The Neenah name, however, will continue to represent a product portfolio known for high performance and premium quality, as well as a company appreciated for its disciplined capital allocation and commitment to providing attractive returns to investors.”
O’Donnell’s company is fresh off its announcement that it is buying Coldenhove Papier, which is based in The Netherlands.