Glatfelter (NYSE: GLT) is acquiring Dresden Papier GmbH from Fortress Paper Ltd. (TSE: FTP) for $209 million.

Dresden Papier, headquartered in Heidenau, Germany, supplies nonwoven wallpaper base materials to wallpaper manufacturers. Nonwoven wallpaper doesn’t shrink or expand when wet and can be stripped when it’s dry. The company had revenue of about $151 million in 2012.

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