Glatfelter ( GLT) acquired certain assets of J. R. Crompton, a Manchester, U.K.-based supplier of wet laid nonwoven products. The specialty papers and engineered products manufacturer paid $65 million for Crompton's Lydney Mill in Gloucestershire. The facility employs about 240 people and reported 2005 revenue of about $75 million. "The Lydney assets are an ideal fit with Glatfelter's wet laid nonwoven business. Our shareholders will benefit from this acquisition that is expected to be accretive to earnings, exceeds the company's cost of capital, and is focused on a strategic market with attractive growth potential. This purchase, when coupled with our recently announced acquisition of the Carbonless Papers business of New Page Corporation, generates an exciting new platform for creation of shareholder value," the company said. "This mill initially will operate as a standalone business and, together with our European mills, will form a new Composite Fibers business unit." The York, Pa.-based company also agreed to purchase Crompton's Simpson Clough Mill, located in Lancashire, and other related assets for $21.7 million, subject to regulatory approval. That mill employs about 95 people and had reported 2005 revenue of about $28 million. The Simpson Clough facility manufactures a wide variety of wet laid nonwoven products. "The purchase of this facility and the expertise of its employees will provide additional capacity and capabilities to better serve the global market," the company said.