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Showing 11 articles from May 6, 2019.

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The PM40 closed 3 May 2019 down 11.1% from the 4 May 2018 level.

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Major Expenditures

Cascades Sonoco inaugurates major investment in Birmingham

Cascades Sonoco, a joint venture of Cascades Inc. and Sonoco Products Company, inaugurated the expansion of its facility in Birmingham, Alabama, and its new production line of innovative, eco-friendly packaging.

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Naheola, Alabama, Mill Selected For Georgia-Pacific $120 Million Investment To Grow Bath Tissue Business

Georgia-Pacific announced that its Naheola, Alabama, mill has been selected as the location for a new tissue machine and roll storage building to support the company's consumer (retail) bath tissue business.

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Mergers & Acquisitions

Bemis Shareholders Approve Combination with Amcor

Nearly 76% of shares outstanding voted in favor of the transaction; of the votes cast, approximately 96% were in favor of the transaction.

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Boise Cascade completes acquisition of American Lumber Distributors

Boise Cascade Company says it has completed the acquisition of American Lumber Distributors headquartered in Birmingham, Alabama.

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WestRock Expands Capabilities for the Beauty & Personal Care, Nutraceutical and Media Industries

The acquisition further extends the company's geographical footprint on the U.S. West Coast and will become a part of WestRock's Multi Packaging Solutions business.

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Operations News

Cengage to merge with rival publisher McGraw-Hill

They are roughly the same size, with combined revenue of nearly $3.2 billion in the 12 months that ended on March 31.

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Clearwater Paper Lewiston Mill Manager "Removed From His Position"

Attributable to strong production

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Conifex temporarily curtailing Fort St. James and Mackenzie operations

The temporary curtailment is expected to reduce Conifex's British Columbia lumber output by approximately 24 million board feet.

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Verso Announces Closure of Paper Mill in Luke, Maryland

Approximately 675 employees will be impacted by the closure of the Luke Mill.

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WestRock reportedly closing Monroe, Louisiana facility, leaving nearly 100 jobless

It is being reported that WestRock will be closing its facility in Monroe, leaving nearly 100 people without a job.

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