Mergers & Acquisitions

Neenah, Inc. announced that it had not closed on its agreement to acquire Vectorply Corporation on April 1 as originally contemplated. Neenah had agreed to acquire Vectorply from MSouth Equity Partners for $155 million in cash.

International Paper has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments.

Canfor Corporation announced that the transfer of the Vavenby tenure to Interfor is now complete. The sale of the Vavenby tenure provides the best opportunity for future economic activities and employment in the local communities.

Going forward, Soprad's products will be marketed under the Pregis' PolyMask brand and will further reinforce its offerings to a growing global market. (PolyMask products include temporary surface protection films and specialty films)

In a bid to remove fiber products from portfolio and focus on LP SmartSide strand siding technology, Louisiana-Pacific Corporation LPX has inked a deal with Maibec to divest LP's East River facility, located in Nova Scotia, Canada.

Neenah, Inc. announced the signing of a definitive agreement to acquire Vectorply Corporation, a portfolio company of MSouth Equity Partners, for $155 million in cash. Closing is expected to occur on April 1, and is subject to customary conditions.

Avery Dennison Corporation announced it completed the acquisition of Smartrac's Transponder business, for the purchase price of €225 million, subject to customary adjustments.

Ahlstrom-Munksjö has completed the sale of its fine art paper business ARCHES® to Italian based F.I.L.A. Group, Fabbrica Italiana Lapis ed Affini S.p.A., at a debt and cash free price of EUR 43.6 million.

R.R. Donnelley & Sons Company announced the sale of its Courier Services business to TFI International Inc., a North American leader in the transportation and logistics industry, for an undisclosed amount. Courier Services, previously part of RRD's Logistics business, leverages a national network to provide streamlined courier services for clients.

Australia's richest man is in late stage talks to buy bottle maker Owens-Illinois' Australian and New Zealand business for about $1 billion.

Graphic Packaging Holding Company, through its primary U.S. operating company, Graphic Packaging International, LLC., announced it has entered into a definitive agreement to acquire the Consumer Packaging Group business from Greif, Inc. for approximately $85 million.

Hygiene and health company Essity has signed an agreement to acquire 75% of the Swedish medical solutions company ABIGO Medical AB.

Recently acquired by Sonoco, TEQ Thermoform Engineered Quality, a global manufacturer of thermoformed packaging, serving healthcare, medical device and consumer markets, will rename and brand all its manufacturing locations strictly as TEQ.

Welch Packaging acquires PAX Corrugated Products, based in Lebanon, Ohio from Georgia-Pacific.

The forest owners' associations Norrskog and Norra Skogsägarna agreed to merge and form a new joint association under the group name Norra Skog.

Central National Gottesman Inc. (CNG), which owns a range of sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products and metals industries, announced that its Lindenmeyr Munroe division has acquired the business of Wilcox Paper, an independent paper merchant based in Champlin, Minnesota.

Wes Carter, President of Atlantic Corporation of Wilmington, has announced the acquisition of Coastal Corrugated, a 35-year-old family owned box company located in North Charleston, SC.

The Australian Competition and Consumer Commission won't oppose the proposed acquisition of Orora Fibre by Australian Paper.

The Australian Competition and Consumer Commission (ACCC) will not oppose the proposed acquisition of Direct Paper by Spicers.

The agreement includes the coater and related equipment located only at the West Carrollton, Ohio, facility as well as a license for all corresponding intellectual property.

Quad/Graphics, Inc. has acquired Apple Tree Group ("Apple Tree"), a strategic and creative agency specializing in point-of-sale advertising innovation for some of the world's best-known brands.

With the addition of the newly acquired mills, Pixelle is now the largest specialty papers producer in North America with production currently exceeding one million tons annually.

Norske Skog has entered into an agreement to sell its Tasmanian forest assets to a fund controlled by the Australian based investment manager New Forests Pty Ltd.

Marcal's resumption of operations was made possible through a merger with Lewistown, Pennsylvania-based Nittany Paper Mills.

Central National Gottesman Inc. (CNG), a leading sales and marketing organization in the global pulp, paper, packaging, tissue, wood products and metal industries, announced today that its Spicers Canada division has acquired the assets and business of All Graphic Supplies, expanding its position in the distribution of wide format and digital equipment, supplies and ink.