Mergers & Acquisitions

West Fraser Timber Co. Ltd. and Norbord Inc. jointly announced that West Fraser's management information circular and Norbord's management proxy circular (together, the "Circulars"), prepared in connection with the previously announced arrangement whereby West Fraser will acquire all outstanding common shares of Norbord (the "Norbord Shares") pursuant to a plan of arrangement (the "Arrangement") under Section 192 of the Canada Business Corporations Act, are expected to be mailed to their respective shareholders by December 24, 2020.

R.R. Donnelley & Sons Company, a leading global provider of marketing and business communications, issued the following statement in response to a recent article regarding the potential sale of its Asia Pacific business.

UFP Industries announced that its Board of Directors approved an agreement for UFP Industrial, LLC, to purchase 100% of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne's recent capital expenditures.

The Mayr-Melnhof Group has reached an agreement to acquire Kotkamills Group Oyj ("Kotkamills") from the previous owners for an enterprise value of around EUR 425 million.

The former Ponderay Newsprint Co. mill in Usk has been listed for sale at $11.5 million, following the facility's Chapter 7 bankruptcy filing and closure in June.

Atlas Holdings announced that it has completed its acquisition of substantially all of the assets of LSC Communications, Inc., a North American leader in print and digital media solutions.

Metsä Board, part of Metsä Group, has on 1 December 2020 signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden. The buyer is the Swedish forest owners' cooperative (ekonomisk förening) Norra Skog, with whom Metsä Forest Sverige, responsible for Metsä Board's wood procurement in Sweden, has simultaneously entered into a long-term wood supply agreement.

SCA Wood Supply UK Ltd, which is engaged in the manufacture and distribution of timber and associated products for the Home Improvement and Builders Merchant sector in the United Kingdom, has been divested to BSW Timber Ltd. SCA will keep its organization for the sales of wood products to industrial customers in the UK.

Essity Aktiebolag announced that Essity has made a non-binding indicative proposal to the Board of the hygiene company Asaleo Care Limited ("Asaleo") for the acquisition of additional shares in Asaleo for a consideration of AUD 1.26 per share.

Sonoco announced it has completed the divestiture of its Europe contract packaging business to a subsidiary of Prairie Industries Holdings, a Wisconsin-based contract packaging and contract manufacturing firm backed by The Halifax Group, a Washington, D.C.-based global investment firm, for $120 million in cash.

An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced its acquisition from LSC Communications Printing Company, Inc. ("LSC") of its former plant in Lynchburg, Virginia.

Following closing, the combined company will operate as West Fraser.

Canfor announced it has reached multi-year $30-million agreements with Peak Renewables involving the sale of the Company's forest tenure in the Fort Nelson region of British Columbia.

UFP Industries announced that affiliates of UFP Construction LLC acquired the assets of three companies: Atlantic Prefab, Inc.; Exterior Designs, LLC; and Patriot Building Systems, LLC.

The company purchased 85,000 acres of timberlands in mid-coastal Oregon in one transaction and sold 149,000 acres in southern Oregon in a separate transaction, for a net cost of approximately $40 million in cash. The company expects no tax liability in conjunction with the sale.

PotlatchDeltic Corporation has completed the previously announced sale of 72,440 acres of forestland in northern and central Minnesota to The Conservation Fund for nearly $48 million.

ePost Global LLC, a tech-enabled global shipping solutions provider, has completed its acquisition of the International Mail and Parcel Logistics Business ("International Logistics") from R.R. Donnelley & Sons Company.

Pregis, a leading manufacturer of protective packaging, has acquired Technical Machinery Solutions (TMS), Elk Grove Village, Illinois from its privately-held owners. The acquisition also includes the Graphic Innovators business.

R.R. Donnelley & Sons Company announced that it has closed on the previously announced sale of its DLS Worldwide Logistics business to TFI International Inc.

Quad/Graphics, Inc. announced that it has sold its two remaining Book manufacturing facilities in Fairfield, Penn., and Martinsburg, W.Va., to Berryville Graphics, a division of Bertelsmann Printing Group USA, a leader in hard cover, mass market, trade and digest books, components and specialty finishing.

The Kalispel Tribe's opening offer to purchase the recently shuttered Ponderay Newsprint Co. mill in Usk was turned down this month, leaving the fate of the bankrupt facility in Pend Oreille County uncertain.

ePost Global LLC, a tech-enabled global shipping solutions provider, announced it entered into a definitive agreement to acquire the International Mail and Parcel Logistics Business ("International Logistics") from R.R. Donnelley & Sons Company (RRD). ePost Global will continue to provide cost-effective, global delivery solutions to its clients.

CMPC, through its subsidiary CMPC Celulose Riograndense Ltda., entered into a purchase agreement with Florestas do Sul Agroflorestal Ltda. in relation to the equity interest issued by a newly incorporated subsidiary of Florestas do Sul Agroflorestal Ltda. that will own all the timber assets currently owned by Florestas do Sul Agroflorestal Ltda.

Klabin acquired the units producing corrugated board and paper for packaging from International Paper in Brazil in March.

VPK Group came to an agreement with COPI Holding to buy Encase Ltd, manufacturer and designer of corrugated cardboard packaging. Encase Ltd operates two integrated corrugated packaging plants in England and one sheet plant in Scotland. It is VPK's intention to merge Encase with its UK corrugated operations, formerly known as Rigid.