Mergers & Acquisitions

C&L was founded in 1975 and acquired by Henry and Blythe Bowman in 1996. When acquired, C&L had 10 employees and revenue of less than $1 million. Under Henry's leadership, C&L expanded its operations, adding machinery and other facilities. Today, C&L employs approximately 115 people and serves customers within a 150-mile radius.

Södra has decided to divest its forest holdings and related activities in the Baltics as part of its strategy to focus on members' forests and maximize value for these estates. The decision involves approximately 153 thousand hectares of land, mainly located in Latvia, with the remainder in Estonia.

The business provides engineering, supply chain, kitting and assembly, automation, digital and logistics solutions that help customers reduce total costs, improve their sustainability footprint, mitigate risk, and grow sales.

Interfor announced that it has completed the previously announced divestiture of its operations in Québec, Canada to Les Chantiers de Chibougamau Ltée.

The Day Street Mill operated for 122 years before being shutdown in 2023. Now, Georgia-Pacific is deciding what to do next with the supercentenarian property.

Transaction Represents 96th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products.

Nordic Paper has entered into a new financing agreement as change-of-control provisions of the previous financing agreement were triggered when Strategic Value Partners, LLC, through Coniferous Bidco AB, reached a controlling shareholding in Nordic Paper in December 2024.

Kimberly-Clark Corp.'s potential sale of its international tissue business has attracted interest from companies including Royal Golden Eagle Pte, Brazil's Suzano SA and Asia Pulp & Paper Co., according to people familiar with the situation.

Mayr-Melnhof Karton AG (MM) has agreed with Evergreen Hill Enterprise, Pte. Ltd., part of an Indonesian-based privately held group of diversified companies, on the sale of 100 % of the shares in TANN Group, headquartered in Traun, Austria, for a cash and debt-free enterprise value of EUR 360 million.

Veritiv Operating Company, a leader in specialty packaging distribution, announced that it has acquired Arjay Company, including substantially all assets of PPE Sales, LLC, a distributor of packaging solutions and equipment serving customers in Long Island and the Greater Metropolitan New York area. The transaction represents the fifth acquisition of 2024 for Veritiv under the leadership of Sal Abbate, Veritiv's Chief Executive Officer.

Sonoco Products Company, a global leader in high-value sustainable packaging, announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business ("TFP") to TOPPAN Holdings Inc. for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments.

Suzano clarifies that no agreements have been reached or documents signed regarding this potential acquisition, and there have been no significant fluctuations in its securities./span>

Office equipment manufacturer Xerox has agreed to buy Chinese-owned printer and printing software maker Lexmark International in a $1.5 billion deal to expand its presence in Asian markets and better compete in an industry upended by the digital age.

Strategic Value Partners, through Coniferous Bidco, controls 82.84 percent of the capital and votes in the paper mill company Nordic Paper. This is announced in connection with the expiration of the extended acceptance period. The bidder is now giving shareholders another opportunity to accept the offer by extending the acceptance period one last time until January 8, according to a press release.

Amcor completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million on December 27, with the proceeds used to reduce debt.

Under the terms of the APA, Domtar (formerly Paper Excellence) will return the lands to Tla'amin for its use. Tla'amin will assume responsibility for carrying costs such as maintenance, taxes and insurance upon taking ownership.

The European Commission had been scrutinizing the proposed merger due to concerns that it might reduce competition in the market.

Ahlstrom, a global leader in fiber-based specialty materials, has acquired ErtelAlsop, a New York based manufacturer of high-performance liquid depth filter media serving end-markets in the pharmaceutical, food & beverage, flavors and fragrances, and chemical industries.

The background is that the former main shareholder, Chinese Shanying International Holding, wanted to sell its holding in Nordic Paper and therefore presented SVP as a buyer.

The deal represents a 32.4% premium to Pactiv's closing price on Dec. 2, a day before it was first reported that Novolex was considering purchasing the company.

Veritiv Operating Company, a leader in specialty packaging distribution, announced today that it has signed a definitive purchase agreement to sell Veritiv Containers, the company's rigid packaging business (formerly All American Containers) to TricorBraun.

The sale comprises Orora Packaging Solutions (OPS), which has almost 70 distribution and manufacturing facilities, and approximately 3,000 employees.

After concluding this transaction, Canfor owns 77% of VIDA AB.

KCL is pleased to announce the acquisition of advanced biocomposite manufacturing equipment from UPM, which announced in August that it is withdrawing from the production of biocomposite products. This strategic purchase will enable KCL to commence the production of innovative biocomposite materials, enhancing our service business and supporting our commitment to sustainability.

Lecta has announced the spin-off of its self-adhesives business unit from Torraspapel S.A.U. This spin-off will be effective as of January 1, 2025.