Mergers & Acquisitions

Atlas Engineered Products Ltd. ("AEP") has reached an agreement with ZyTech Building Systems LP to acquire the bulk of ZyTech's manufacturing assets from its former Langley location in the Lower Mainland of British Columbia, Canada.

Central National Gottesman Inc. (CNG) announced that its Lindenmeyr Munroe division has agreed to acquire Maine Shipping and Packaging Supply, expanding its presence in the Maine market.

Schweitzer-Mauduit International Inc (SWM) said it has reached agreement to buy Manchester-based wound care Scapa Group in a £403m deal.

According to a report by WCBC News, it has been confirmed through a number of sources that a firm is close to finalizing an agreement to purchase the Luke Mill and its woodyard. The firm, known as Whiskey River, would establish a lumber related business at the mill, which was shuttered by Verso Corporation in May of 2019.

West Fraser has also received clearance from the New York Stock Exchange ("NYSE") for the listing of the West Fraser Shares subject to satisfaction of customary listing conditions.

Metsä Board, part of Metsä Group, announced on 1 December 2020 that it had signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden to the Swedish forest owners' cooperative (ekonomisk förening) Norra Skog.

Avery Dennison announced that it has acquired the business of Ohio-based ACPO Ltd. for the purchase price of $87.6 million, subject to certain post-closing adjustments. ACPO is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees.

Weston Forest, a leading distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, announced it has been acquired by the Watermill Group, a strategy-driven private investment firm.

Ennis, Inc. announced that one of its wholly owned subsidiaries has entered into a Letter of Intent to acquire the assets and assume some liabilities of Infoseal LLC in Roanoke, Virginia.

International Paper has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International Paper to Mondi Group for approximately €66 million.

New York-based Behrens Investment Group has taken ownership of the bankrupt Gorham Paper and Tissue, the company previously owned by Lynn Tilton and her Patriarch Partners investment firm.

A second potential buyer has come forward within the past couple days for the mothballed Ponderay Newsprint Co. mill near Usk.

GP reached an agreement to sell the company's nonwovens business to Glatfelter, a leading global supplier of engineered materials, headquartered in Charlotte, North Carolina, for $175 million. The sale must still go through customary closing conditions and regulatory clearances from competition authorities.

Domtar Corporation announced that it has entered into a definitive agreement to sell its Personal Care business to American Industrial Partners (AIP) for $920 million.

US investment company Bain Capital announced as early as last September together with Ahlström Capital, Viknum and Belgrano Inversiones, a EUR 2.1 billion takeover bid for all Ahlstrom-Munksjö shares.

Sappi Maastricht and the Belvédère Wijkontwikkelingsmaatschappij (Neighborhood Development Company, WOM) of the Municipality of Maastricht, the Netherlands, have signed an agreement that will finalize the sale of the southwestern part of the Maastricht paper mill site to the WOM.

R.R. Donnelley & Sons Company, a leading global provider of marketing and business communications, issued the following statement in response to a recent article regarding the potential sale of its Asia Pacific business.

West Fraser Timber Co. Ltd. and Norbord Inc. jointly announced that West Fraser's management information circular and Norbord's management proxy circular (together, the "Circulars"), prepared in connection with the previously announced arrangement whereby West Fraser will acquire all outstanding common shares of Norbord (the "Norbord Shares") pursuant to a plan of arrangement (the "Arrangement") under Section 192 of the Canada Business Corporations Act, are expected to be mailed to their respective shareholders by December 24, 2020.

UFP Industries, Inc. announced that UFP Industrial, LLC, closed on its agreement to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million.

Duluth will retain the services of a consulting firm at least a while longer in hopes that it can find a new owner for the Verso paper mill, which has been idled since summer.

Södra is divesting Trivselhus AB to housing supplier Svensk Husproduktion. The takeover date is 1 March 2021.

As part of its forest land optimisation, Stora Enso has signed an agreement to divest forest assets located in southern Sweden to the forestry fund Silvestica Green Forest AB. The total area of forest land in the transaction is approximately 5 200 hectares. The selling price is approximately SEK 940 million (EUR 90 million).

Novolex®, an industry leader in packaging choice, innovation and sustainability, announced it has acquired the business of B&H Bag Company, a leading manufacturer of paper bags and other products. The B&H business will be a part of the Novolex Duro Bag® business, strengthening Duro's customer service through increased production capacity. The family-owned company has one manufacturing plant, located outside of Houston, Texas.

Talks to save the mill took a turn for the worse back in late October when Verso said they would suspend the effort to sell the mill due to the current economic climate. That led to outrage from local and state lawmakers.

UPM and the US-based pulp and paper producer Domtar Paper Company LLC have signed an agreement for UPM to acquire the total annual kraft lignin production of Domtar's Plymouth Mill in North Carolina, USA as of January 2021. This step enables UPM to expand its role in the growing lignin business and different application segments.