Mergers & Acquisitions

Softys S.A., a subsidiary of Empresas CMPC S.A. (CMPC), has signed an agreement with Ontex Hygienic Spain S.L., a unit of the Belgian Ontex Group, to purchase all shares of Falcon Distribuição Armazenamento e Transporte S.A. (Falcon), a Brazilian company specializing in baby diapers and adult incontinence products.

A potential deal could value the business at about $4 billion.

Suzano, the world's largest pulp producer, has completed the acquisition of two industrial assets from Pactiv Evergreen in Arkansas and North Carolina, United States. All conditions for completing the agreement announced in July have been fulfilled.

Stora Enso is preparing to sell approximately 12% of its total forest assets of 1.4 million hectares in Sweden. Stora Enso has therefore initiated steps to implement a new legal structure for its Swedish forest assets to facilitate the potential sale.

Mondi said these operations complement its existing network of corrugated plants across Central and Eastern Europe. The acquisition comprises seven corrugated converting plants, two solid board mills and four solid board converting plants.

International Paper and DS Smith continue to expect the Combination to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions.

Ahlstrom, a leader in sustainable fiber-based specialty materials, has signed an agreement to divest its Aspa pulp mill in Sweden to Sweden Timber. The agreement includes the pulp mill and all its operations. This is a key step in Ahlstrom's growth transformation journey, reinforcing the company's strategic commitment to sustainable specialty materials.

In May, Pactiv Evergreen agreed to exclusively negotiate with Spirtas Worldwide, a company specializing in repurposing closed paper mills and other industrial sites. While it was estimated negotiations could take up to a year, it appears the details were worked out in four months.

Rengo Co., Ltd. announces that its consolidated subsidiary, Tri-Wall Limited, has acquired a 25% equity interest in Concept Packaging Group LLC, through Tri-Wall's wholly owned subsidiary.

Novolex purchases longtime supplier of twisted-paper handles to integrate into Duro Bag operations.

Veritiv, a leader in specialty packaging distribution, announced it has entered into a binding agreement with Orora to acquire the North American packaging and distribution business Orora Packaging Solutions (OPS). This strategic acquisition will further position Veritiv as a leading provider of value-added products and solutions in specialty packaging distribution in North America.

Canfor Corporation announced the completion of the subdivision and sale of its Forest License in the Mackenzie Timber Supply Area (TSA) equally to the McLeod Lake Indian Band and the Tsay Keh Dene Nation.

The purchase represents efforts to reclaim stewardship over their traditional territories.

International Paper announced that it has filed with the U.S. Securities and Exchange Commission (the "SEC") a definitive proxy statement on Schedule 14A (including any amendments and supplements thereto, the "Definitive Proxy Statement") in connection with its pending acquisition of DS Smith Plc (LSE: DSS, "DS Smith") (the "Combination").

As indicated in its September 4 announcement of the closure of the Plateau and Fort St. John operations, Canfor Corporation remains committed to exploring opportunities to divest some of its northern BC tenure to support other BC manufacturers who are facing similar challenges accessing economic fibre to support their operations.

If it pans out, it could eventually lead to 600 or more direct jobs in the region, he says.

The Magnera board of directors ("Magnera Board") will consist of nine directors, with five directors designated by Berry, three directors designated by Glatfelter, and the Chief Executive Officer.

Iconex Labels is a leading provider of variable information label solutions, serving customers across e-commerce & shipping, foodservice, grocery & retail, pharmacy, and other end markets.

Everett's packaging and laminating facility houses state-of-the-art assets, including a Bobst Masterflute, coupled with Bobst large format die cutting and gluing.

Shares held by B&C Group were acquired for EUR 230 million.

Shibata Cardboard is a corrugated box manufacturer established in 1962, and has built a customer base rooted in the local community in Toyohashi-shi, Aichi Prefecture, Japan.

Berry Global Group, Inc. and Glatfelter Corporation announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced 'Mag-nair-uh'), a global leader in the specialty materials industry.

Greif, Inc., a global leader in industrial packaging products and services, announced it has sold Delta Petroleum Company, Inc. ("Delta"), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries.

The transaction is valued at US$110 million and includes two mills in Pine Bluff, Arkansas, and Waynesville, North Carolina, that manufacture liquid packaging board and cupstock.

Clearwater Paper Corporation, a premier supplier of quality consumer tissue and bleached paperboard, today announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A., a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net working capital.