Mergers & Acquisitions

The nursery will produce 15 million eucalyptus seedlings, including genetically improved clonal material from Gerdau and International Paper do Brazil.

The Town of Fort Frances faces a looming deadline while it works hard to find a buyer for the former Resolute paper mill.

International Paper on 30 Oct. 2019 announced that it has completed the sale of its controlling interest (21,873,521 shares) in International Paper APPM Limited, an India-based printing paper business, to West Coast Paper Mills Limited for approximately $85 million.

After this transaction, Stora Enso has no paper production in China.

The deal is expected to be completed by March 2020, pending regulatory approvals.

Louisiana-Pacific Corporation announced that it has acquired the prefinishing assets at a Granite City, Ill., prefinish facility near St. Louis owned by BlueLinx.

The sale of the Park Falls Flambeau River Papers mill to newly formed company Element Ventures could not be finalized and the assets of the mill will now be marketed as a liquidation sale.

Norske Skog president and chief executive Sven Ombudstvedt announced the sale of the Albury mill to paper, packaging and recycling group Visy for $85 million.

Rengo Co., Ltd. has acquired 80% of shares with voting rights of Nishihara-Shigyo Co., Ltd. in Japan, making Nishihara-Shigyo a Rengo subsidiary.

The management team of paper manufacturer Arjowiggins Creative Papers has announced the successful management buyout of its UK operations, protecting hundreds of jobs in Scotland and safeguarding Aberdeen's historic Stoneywood paper mill.

Huhtamaki has entered into an agreement to acquire the majority of Everest Flexibles (Pty) Limited ("Everest"), a privately-owned flexible packaging manufacturer in South Africa.

The acquisition allows Huhtamaki to speed up its growth in India by improving its capability to serve the customers in South India.

An order conditionally approving the sale of the Park Falls Flambeau River Papers mill was approved by Price County Judge Kevin Klein following a hearing Thursday afternoon.

Universal Forest Products has acquired Hartford, Wisconsin-based Pallet USA, LLC, the company announced. The acquisition expands Universal's industrial product capacity and services in the Midwest.

DuPont Safety & Construction (DuPont) announced it has signed an agreement to acquire the Ultrafiltration Membrane business from BASF including inge GmbH.

Voith has signed an agreement with Spectris plc to acquire BTG for a total gross cash consideration of Euro 319 million.

Ahlstrom-Munksjö is currently exploring potential acquisitions, mergers, and joint-ventures with decor paper suppliers in China to speed up the execution of its strategy and capture the attractive value-creation opportunity in the decor business. In addition, the company is investigating the possibility to attract outside capital investment into the Decor business to further fund such objectives.

Quad/Graphics, Inc. announced that it has sold its heavy-duty industrial wood crating business Transpak to FCA Packaging, a nationwide leader in the custom industrial packaging solutions space.

AstenJohnson has announced the end of the proposed transaction to merge the Heimbach and AstenJohnson PMC businesses.

LSC Communications and United Business Mail (UBM) announced today that UBM has acquired LSC's commingle business for $11.25 million in cash.

A Belfast startup says it has bought the former Madison Paper Industries mill. Building products manufacturing startup GO Lab indicated the deal was worth $1.9 million.

Fortress Global Enterprises Inc. announces that, as a result of ongoing financial constraints impacting the Company primarily resulting from a 10-year low in dissolving pulp prices, the Board of Directors has formed a Strategic Committee to consider various strategic and financing alternatives potentially available to the Company, including a recapitalization, restructuring and/or business combination transaction.

The move will expand Universal's capacity to produce value-added siding and trim for customers in its Northwest and Mountain West regions.

The deal will create the largest company in this segment in Brazil.

Forest2Market and Fisher International will continue to operate individually as the transition is planned and implemented.