Magnera Corp (NYSE: MAGN) is a specialty materials company that supplies a portfolio of products made from organic and synthetic raw ingredients. It generates revenue by selling these materials to manufacturers serving consumer-oriented end markets for disposable and durable applications. Magnera was formed on November 4, 2024, when Treasure Holdco, Inc., a wholly owned subsidiary of Berry Global Group, Inc., merged with Glatfelter Corporation, which then renamed itself Magnera Corporation. Pre-Transaction Treasure shareholders received 90% of the combined company; Glatfelter shareholders retained 10%. Because Treasure was identified as the accounting acquirer, prior-year financial comparisons reflect standalone Treasure results. For FY2025, the Americas segment reported net sales of $1,833 million, up 23% year-over-year, with Adjusted EBITDA of $241 million. The company passes raw material cost changes through to customers via selling price adjustments, a transactional pricing model exposed to input cost volatility.

Revenue model

Transactional product sales to manufacturers and brands, with selling prices adjusted to reflect raw material cost pass-through. Americas segment: $1,833M net sales, $241M Adjusted EBITDA (FY2025). Rest of World segment also reported separately.

Products and services

Specialty materials comprising organic and synthetic raw ingredients used in disposable and durable applications. End-use products include wipes, healthcare materials, adult incontinence products, apparel, baby products, feminine care items, air filtration media, and food and beverage applications. The company also provides technical solutions for infrastructure markets.

Customers and end markets

Customers include leading global and national brands, private label suppliers, and small to mid-sized regional businesses. End markets are described as stable and consumer-oriented, covering wipes, healthcare, adult incontinence, apparel, baby, feminine care, air filtration, food and beverage, and infrastructure.

Value-chain role

Upstream specialty materials manufacturer that converts organic and synthetic raw ingredients into finished materials sold to consumer goods manufacturers. Raw material and energy costs are a primary cost driver; the company historically passes input cost increases to customers through selling price adjustments.

Geographic exposure

Multi-jurisdiction global operations with segments reported as Americas and Rest of World. Foreign currency exposure includes the euro and Brazilian real as functional currencies for certain operations (as disclosed in the FY2025 10-K filed November 25, 2025).

Source: SEC 10-K, filed 2025-11-25

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