Mergers & Acquisitions

Imperial Dade, a leading distributor of foodservice packaging and janitorial supplies and printing paper, announced the acquisition of Boudreault Packaging Ltd ("Boudreault" or the "Company"). The transaction represents the 55th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.

Mercer International Inc. has completed its previously-announced acquisition of all of the shares of the parent company of Holzindustrie Torgau (HIT).

Further to an announcement made in July 2022, Mondi confirms that all conditions have been satisfied and the merger of Mondi Tire Kutsan Kağıt ve Ambalaj Sanayi a.ş. and Mondi Olmuksan Kağıt ve Ambalaj Sanayi Anonim Şirketi will come into effect from 30 September 2022. Mondi currently holds 84.65% of the shares of Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş. .

The carve-out transaction from Sappi's European business includes sites in Kirkniemi (Finland), Maastricht (The Netherlands), and Stockstadt (Germany), with over 1,400 full-time employees combined.

Sonoco, a diversified global packaging leader, announced it has entered into a definitive agreement to acquire S.P. Holding, Skjern A/S ("Skjern"), a privately owned manufacturer of paper based in Skjern, Denmark.

Resolute Forest Products Inc. will hold a virtual special meeting of stockholders on Monday, October 31, 2022, at 10:00 a.m. (Eastern) for the following purposes...

Smurfit Kappa has signed an agreement to acquire PaperBox, a packaging plant located in Saquarema, 70 kms east of Rio de Janeiro, Brazil. The transaction, which is subject to the approval of regulatory bodies, is expected to close at the end of October.

The combination brings together two high quality timberland REITs resulting in PotlatchDeltic owning nearly 2.2 million acres of diversified timberlands, including 626,000 acres in Idaho and over 1.5 million acres in strengthening markets in the U.S. South

Sylvamo, the world's paper company, is announcing it agreed to acquire Stora Enso's uncoated freesheet paper mill in Nymolla, Sweden, for 150 million euros (approximately $150 million) expected to be funded in cash, subject to customary purchase price adjustments. The agreement includes the mill, the strong brands it produces and the people who make it happen.

CatchMark Timber Trust, Inc. announced that, at the special meeting of stockholders (the "Special Meeting") held this month, its stockholders approved the merger of CatchMark with and into a wholly owned subsidiary of PotlatchDeltic Corporation, pursuant to the terms of the Agreement and Plan of Merger, dated as of May 29, 2022.

Stora Enso said it would sell its Maxau paper production site in Germany to Schwarz Group, the owner of discount supermarket chains Lidl GB and Kaufland.

Action Wood Solutions, established to purchase the business assets of Action Wood Technologies, Inc. in Michigan, has entered into an asset purchase agreement with the owners of Action Wood Technologies, Inc. The closing of this transaction will be dependent on the Committee on Foreign Investment in the United States (CFIUS) accepting the transaction.

Stora Enso Oyj said it has acquired Dutch corrugated packaging producer De Jong Packaging Group in a deal worth around 1.02 billion euros ($1.02 billion).

Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. The Siberian businessman Alexander Govor recently bought the McDonald's former restaurants in Russia.

Western Forest Products Inc. announced its wholly owned subsidiary, WFP Engineered Products LLC, has completed the acquisition of certain assets of Calvert Company, Inc. located in Washington State.

UPM Raflatac has completed the acquisition of AMC AG (Advanced Methods of Coating). The acquisition announced in May 2022 was closed on 15 September 2022 after regulatory clearances.

Corrugated Case Holdings Limited has an operating subsidiary, The Corrugated Case Company Limited, which has a factory in central England (Chesterfield) where it conducts manufacturing and sales of high-value-added corrugated boxes.

Sonoco, a diversified global packaging leader, announced the appointment of Shawn Munday as the Vice President of Global Mergers and Acquisitions, reporting to Chief Financial Officer, Rob Dillard. Shawn will lead business development strategies, mergers and acquisitions (M&A), divestitures, and other strategic investment partnerships and activities on behalf of the Company.

The WestRock Paper Mill ceased operations on June 6th. It was once considered a staple in the Panama City community for almost 100 years. It employed hundreds of workers but now the mill sits empty.

Amcor announced that it will be selling its three factories in Russia. This announcement is in line with its previous statement regarding scaling down activities and exploring strategic options for its Russia operations.

Ennis Inc. announced its acquisition of certain assets including customer lists and intellectual property of Gulf Business Forms, in San Marcos, TX. Gulf Business Forms is a trade printer specializing in custom-printed documents including business forms, laser cut sheets, brochures, pamphlets, in-line glue booklet, and variable short-run solutions.

Mondi Plc, a British packaging and paper company, said it has agreed to acquire the Duino mill near Trieste in Italy from the Burgo Group for a total consideration of 40 million euros.

Essity has finalized the acquisitions of the Canadian company Knix Wear Inc. ("Knix") and the Australian company Modibodi, both leading providers of leakproof apparel for periods and incontinence. With these acquisitions, Essity will become the global market leader within leakproof apparel*, the fastest growing product segment in Intimate Hygiene which includes Feminine Care and Incontinence Products.

Palm Paper is a market leading distributor of foodservice and janitorial sanitation products.

Hood Container Corporation announced that it has acquired the corrugated packaging business of Walker, MI based Kentwood Packaging Inc. The transaction includes all of Kentwood's design, manufacturing, assembly, and fulfillment operations in Walker, including its membership in Great Lakes Wax Coatings, LLC.