<b>Glatfelter Selling Ecusta Division</b>

P.H. Glatfelter reached a definitive agreement to sell its Ecusta Division to RFS for around $39 million. The transaction involves the sale of the assets of P. H. Glatfelter's Ecusta mill, which produces tobacco papers and lightweight printing papers, together with the stock of the Ecusta operating subsidiaries in Australia and Canada and other company receivables.

Related to the transaction, Glatfelter said its Schoeller & Hoesch GmbH & Co. subsidiary in Germany entered into a two-year agreement to manufacture and supply tobacco papers to RF & Sons GmbH, a PURICO affiliate in Germany.