June 19 (Reuters) - Glatfelter ::GLATFELTER TO ACQUIRE GEORGIA-PACIFIC’S EUROPEAN NONWOVENS BUSINESS FOR $185 MILLION.PLANS TO FINANCE ACQUISITION THROUGH A COMBINATION OF CASH ON HAND AND BORROWING UNDER ITS EXISTING REVOLVING CREDIT FACILITY.EXPECTS TO REALIZE SYNERGIES IN EXCESS OF APPROXIMATELY $6 MILLION PER YEAR WITHIN THREE YEARS.EXPECTS TO REALIZE SYNERGIES IN EXCESS OF APPROXIMATELY $6 MILLION PER YEAR WITHIN THREE YEARS AFTER DEAL.EXPECTS TO INCUR ONE-TIME COSTS OF APPROXIMATELY $7 MILLION FOR TRANSACTION FEES AND INTEGRATION, DUE TO ACQUISITION.
P H Glatfelter Co : Reports Second-Quarter 2016 earnings . Q2 earnings per share $0.04 . Q2 adjusted earnings per share $0.06 . Q2 earnings per share view $0.03 -- Thomson Reuters I/B/E/S . Consolidated net sales totaled $406.4 million and $410.8 million in second quarters of 2016 and 2015 . Advanced airlaid materials' shipping volumes are expected to increase slightly in q3 . Sees q3 selling prices and raw material and energy prices expected to be in-line with q2 . Composite fibers' shipping volumes in q3 are expected to be slightly higher than q2 .For specialty papers, company expects shipping volumes in q3 to increase by approximately five percent compared with q2.