Mergers & Acquisitions

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

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.

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.

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.

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.

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>

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.

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.

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.

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

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

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 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.

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.

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.

Magnera is formed from the spinoff and merger of Berry's HHNF Business with Glatfelter.

U.S.-based International Paper's 5.8-billion-pound ($7.29 billion) bid for British packaging firm DS Smith will be decided by EU antitrust regulators by Jan. 10, a European Commission filing showed on Tuesday.

Opposition MPs are expressing concern that after buying up two major Canadian companies, the foreign owner of one of Canada's biggest forestry businesses is now also formally taking over an Indonesian-Chinese pulp and paper conglomerate from his family -- a company he has long denied operating in tandem with.

Jackson Wijaya currently owns dozens of pulp and paper mills across Canada, the U.S., Brazil and Europe under the Domtar Group -- formally known as Paper Excellence until it rebranded last month. Wijaya's intention to take direct control over Asia Pulp & Paper (APP), an Indonesian and Chinese-based multinational currently owned by his father, was confirmed in an official notice from the European Commission.

Switzerland-based Amcor Plc on Tuesday agreed to buy U.S. peer Berry Global for $8.43 billion in stock, creating a company with a strong presence across the consumer and healthcare packaging markets.

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.

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.

The forest industry company Stora Enso aims to sell its forest assets at least at the book value, writes Dagens industri (Di), which has taken part of information.

Stora Enso has signed an agreement to divest its real estate of the Sunila site in Kotka, Finland, to AALTO Development Oy. AALTO Development is a Finnish, privately-owned property development company focusing on high-quality architecture and urban planning.

Veritiv Operating Company, a leader in specialty packaging distribution, announced today that it has acquired substantially all the assets of PAX Global, a distributor and converter of custom packaging products with annual revenues of approximately $45 million.