---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-23-000038"
form_type: "8-K/A"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:45:47.847247+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Glatfelter sells Ober-Schmitten facility to Ostrest GmbH; expects ~$15M loss

## Summary
- Sale of Ober-Schmitten GmbH and related Asia distributor operations to Ostrest GmbH effective Aug. 15, 2023.
- Glatfelter receives no proceeds and expects to record a loss of approx. $15M on the sale.
- Prior closure plan reversed; employee separation charges of ~$10.4M will be reversed in Q3 2023 financials.
- Other associated costs of ~$0.4M not reversed; no additional costs expected beyond transition services.
- Site remains fully operational under new ownership; transition services through Dec. 2023 (may extend to Mar. 2024).

## SEC filing metadata
- accession: 0000041719-23-000038
- form_type: 8-K/A
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000004171923000038/0000041719-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171923000038/glt-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-23-000038
- JSON: https://secwatch.observer/filing/0000041719-23-000038.json
- Plain text: https://secwatch.observer/filing/0000041719-23-000038.txt

## Key facts
- Restructurings & Charges
  Magnera Corp announced a restructuring with charges of approximately $15 million affecting Glatfelter Ober-Schmitten GmbH (Ober-Schmitten facility in Germany) and related distributor operations in Asia (approximately $10.4 million of cash expenses in connection with employee separation benefits).
  - Type: restructuring
  - Charge: approximately $15 million
  - Affected area: Glatfelter Ober-Schmitten GmbH (Ober-Schmitten facility in Germany) and related distributor operations in Asia
  - Headcount: approximately $10.4 million of cash expenses in connection with employee separation benefits
  source text: The Company will not receive any proceeds from the sale and expects to record a loss of approximately $15 million on the sale.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171923000038/0000041719-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.