Mergers & Acquisitions

Last month, R.R. Donnelley said it agreed to sell itself to private-equity firm Atlas for $8.52 per share in cash.

Sustana is a leading manufacturer of specialty recycled fiber and sustainable packaging and paper products.

UFP Industries, Inc. announced that one of its wholly owned subsidiaries, The UBEECO Group, has acquired the assets of The Box Pack Trust, operating as Boxpack Packaging (Boxpack). This transaction adds a full complement of high-value cardboard packaging products to the industrial packaging products offered by UBEECO and expands the customer base of both companies throughout Australia.

Sonoco announced it has acquired the assets of D&W Paper Tubes, Inc., a Chatsworth, GA-based manufacturer of sustainable industrial paper tubes and cores.

BillerudKorsnäs has agreed with the British investment firm Inspirit regarding the divestment of the Beetham mill. The transaction has been completed. The purchase price corresponds to an equity value of around SEK 30 million.

R.R. Donnelley & Sons Company announced that it has entered into a definitive merger agreement to be acquired by affiliates of Atlas Holdings LLC ("Atlas"), which operates a global family of manufacturing and distribution businesses, in an all-cash transaction with a total enterprise value of approximately $2.1 billion.

Graphic Packaging announced its intent to acquire AR Packaging Group AB on May 14, 2021.

Clayton, Dubilier & Rice completed the previously announced combination of Fort Dearborn Company and Multi-Color Corporation, creating the world's largest prime label supplier by revenues. Terms of the transaction were not disclosed.

Chatham offered to buy Donnelley for $7.50 a share in October, but Atlas Holdings has since offered to buy the company for $8.52 a share.

Cascades inc. announces that it has completed the sale of its 57.6% equity stake in Reno De Medici S.p.A. ("Reno de Medici", or "RDM Group"), previously announced July 5, 2021, to a subsidiary of funds managed by subsidiaries of Apollo Global Management, Inc. for an all-cash price of €1.45 per share corresponding to a total cash consideration of approximately €315.3 million (approximately CAN$ 461 million, before transaction related fees).

Glatfelter Corporation, a leading global supplier of engineered materials, today announced it has completed the previously disclosed acquisition of Jacob Holm for aggregate consideration of approximately $302 million including the extinguishment of Jacob Holm's existing debt and other adjustments. This transaction was funded through a new $500 million senior unsecured notes issuance.

UPM has sold the Kaipola mill site in Jämsä, Finland, to Kaipola Green Port Oy. Kaipola Green Port is a real estate development company owned by Finnish private citizens.

West Fraser Timber has entered into an agreement to acquire Georgia Pacific's oriented strand board ("OSB") mill near Allendale, South Carolina for approximately $280 million. The transaction is anticipated to close following successful completion of U.S. regulatory reviews and satisfaction of customary conditions.

The Park Falls Pulp & Paper Mill, which was purchased by Maynard Industries, will go up for auction on Tuesday, Nov. 9, at 9 a.m.

Essity has acquired Johnson & Johnson Consumer Inc.'s professional sports tape brands Coach, Elastikon and Zonas, which are established premium products in the US market.

Pregis, a leading global manufacturer of protective and flexible packaging solutions, has acquired Danco Converting, Carol Stream, Illinois, from its privately-held owners.

Pactiv Evergreen Inc. announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has completed its acquisition of Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions.

Smurfit Kappa Group plc is pleased to announce that it has now completed the acquisition of Verzuolo for a purchase price of €360 million.

West Fraser Timber Co. Ltd. announced that it has entered into an agreement to acquire the Angelina Forest Products lumber mill located in Lufkin, Texas for approximately $300 million, subject to certain post-closing adjustments.

The properties are located in the northeast region of North Carolina and the southeast region of Virginia, and consist of well-managed loblolly pine plantations. Roseburg already owns 158,000 acres of timberland in the Roanoke Valley, following a 2017 acquisition.

The transaction is expected to be completed in early November 2021, subject to the satisfaction of the remaining customary closing conditions set forth in the acquisition agreement.

R.R. Donnelley & Sons Company announced that it has received an unsolicited proposal from Chatham Asset Management, LLC ("Chatham") to acquire all of the outstanding shares of RRD for $7.50 per share in cash.

Elif employs approximately 1,500 people in its two manufacturing locations in Istanbul, Turkey and Cairo, Egypt.

Elif employs approximately 1,500 people in its two manufacturing locations in Istanbul, Turkey and Cairo, Egypt.

Verso Corp. announced it would continue considering Atlas Holding's offer to purchase the company if Atlas increased its offer to more than $20 per share.