Mergers & Acquisitions

Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. The transaction is expected to be completed during August 2023.

PaperWorks Industries Inc. has completed the acquisition of The Standard Group. Founded in 1932, The Standard Group is a converter of custom printed paperboard packaging with a manufacturing location in Louisville, Kentucky.

Stora Enso intends to divest its wood products DIY (Do It Yourself) unit in Amsterdam, the Netherlands to Megahout, backed by the private equity company Quadrum Capital. Closing is expected in Q3 2023, subject to regulatory approvals and consultation with employee representatives.

Another forest products company has entered into an agreement to purchase the plant in a transaction that is expected to close later this year, RFP said Friday in a news release.

The acquisition will expand plant operations, manufacturing capabilities, and increase market share for Mercer Mass Timber and parent company, Mercer International.

Essity began work in April 2022 to exit the Russian market and in 2022 an impairment was carried out of the company's assets in Russia of approximately SEK 1.7bn.

The agreed price for the company is US$40 million.

It was reported on Monday Mondi said it terminated a 95 billion rouble ($1.17 billion) deal to sell its largest plant in Russia to an investment vehicle owned by Russian billionaire Viktor Kharitonin due to a "lack of progress" in getting approvals.

UMC Print has been a leading trade-only printer and provider of commercial printing services since 1936.

Mercer to acquire substantially all of Structurlam's assets, including its state-of-the-art mass timber facility in Conway, Arkansas, cementing Mercer's position as a leading mass timber provider in North America.

Connecticut-based Atlas Holdings to close deal with Resolute on mill later this year.

Stylecraft is a trade only printer since 1967 specializing in business forms, integrated products and commercial printing.

Transaction Represents 64th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products.

Visy had acquired Zenexus, a privately owned supplier and distributor of moving and storage boxes, major brand hardware and retail products. It is one of the largest suppliers to Bunnings (Australia and New Zealand) and the deal will mean additional annual revenues of $170 million for Visy.

Dura-Fibre acquired Greif Chicago Converting and will move its manufacturing operations to Menasha, the company announced last week.

Unifor is concerned about the mill's wood supply, being 'carved away' when it it is sold to another operator.

Will provide Amcor with fully integrated, production-ready fresh protein packaging solution.

This acquisition represents a significant step forward on the German consumer brands market and also allows Sofidel to enter a new category, moist toilet tissue.

Structurlam Mass Timber Corporation, the leading mass timber manufacturer in North America, announced it has entered into a stalking horse asset purchase agreement (the "APA") with Mercer International Inc. to sell substantially all the Company's assets in British Columbia and Arkansas for US$60 million.

LP Building Solutions (LP) and Forex Inc. have entered into a definitive agreement under which LP will acquire the assets owned by Wawa OSB Inc., a subsidiary of Forex Inc.

Transactions Allow Iconex to Serve Liner-Free Customers with Best-in-Class, High-Performance Products.

The enterprise value of the transaction is approximately EUR 18 million and will result in the reduction of Stora Enso's annual newsprint paper capacity by 245,000 tonnes.

Sofidel, one of the world's leading paper groups for the production of paper for hygienic and domestic use known particularly in Italy and Europe for its Regina brand, is pleased to announce that it has entered into an agreement with Hakle GmbH to acquire Hakle trademark and other brands.

Sappi Limited announced that the intended sale to Aurelius Group of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the "Transaction") has not materialised within the agreed timeframe of the contractual agreement and therefore the agreement has lapsed.

The transaction was completed for $72 million in cash.