P.H. GLATFELTER <GLT> ACQUIRING ECUSTA
P.H. Glatfelter Co said it
has reached an agreement to acquire all the capital stock of 
<Ecusta Corp> for 149,177,857 dlrs in cash.
    Glatfelter, a printing and writing paper maker, said Ecusta
operates an uncoded three sheet and light-weight specialty
paper mill in Pisgah Forest, N.C. The mill produces and
converts paper products used by the doemstic and foreign
tobacco industry.
    Glatfelter said it expects to close the deal by May 31.
 Reuter
