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.