Mergers & Acquisitions

HZRX also focus on utilization of block chain technologies to provide solutions of privacy, encryption, and security in the health care industry.

McGraw-Hill and Cengage announced that they have mutually agreed to terminate their proposed merger of equals, which had been announced in May 2019. The decision was unanimously approved by the Boards of Directors of McGraw-Hill and Cengage. The Termination Agreement foresees no payment of a break fee on either side.

Rayonier Inc. announced the completion of its previously announced acquisition of Pope Resources, A Delaware Limited Partnership. Unitholders of Pope Resources approved the transaction at a special meeting of unitholders held on May 5, 2020.

Neenah Inc. is terminating a $155 million deal to acquire an Alabama composite reinforcement fabrics company in Alabama.

Nippon Paper Industries Co., Ltd. and Paper Australia Pty Ltd ("Australian Paper"), a wholly owned subsidiary of Nippon Paper Industries, complete the purchase of Orora Limited's paperboard and fibre-based packaging business in Australia/New Zealand.

After 58 years of operation under the Patterson family, Shoreline Container recently was sold.

Domtar Corporation announced it has completed its purchase of the Point of Sale (POS) paper business from Appvion Operations, Inc.

San Group has purchased another mill in Port Alberni, Canada. The Surrey-based forestry group bought the former Chalwood Forest Products mill on Hector Road, and is already operating while they clean up the site.

Six Democratic senators have urged the U.S. Justice Department to take a hard look at what they called a "problematic" merger of the No. 2 and No. 3 largest textbook companies, Cengage and McGraw-Hill.

International Paper has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments.

Neenah, Inc. announced that it had not closed on its agreement to acquire Vectorply Corporation on April 1 as originally contemplated. Neenah had agreed to acquire Vectorply from MSouth Equity Partners for $155 million in cash.

Kokusai Pulp & Paper ("KPP") and SEQUANA SA have entered into an agreement, according to which KPP agreed to acquire 53,395,148 ordinary shares of Antalis SA held by Sequana, representing approximately 75.2% of Antalis' share capital and 82.5% of voting rights.

Australia's richest man is in late stage talks to buy bottle maker Owens-Illinois' Australian and New Zealand business for about $1 billion.

R.R. Donnelley & Sons Company announced the sale of its Courier Services business to TFI International Inc., a North American leader in the transportation and logistics industry, for an undisclosed amount. Courier Services, previously part of RRD's Logistics business, leverages a national network to provide streamlined courier services for clients.

Ahlstrom-Munksjö has completed the sale of its fine art paper business ARCHES® to Italian based F.I.L.A. Group, Fabbrica Italiana Lapis ed Affini S.p.A., at a debt and cash free price of EUR 43.6 million.

Avery Dennison Corporation announced it completed the acquisition of Smartrac's Transponder business, for the purchase price of €225 million, subject to customary adjustments.

Neenah, Inc. announced the signing of a definitive agreement to acquire Vectorply Corporation, a portfolio company of MSouth Equity Partners, for $155 million in cash. Closing is expected to occur on April 1, and is subject to customary conditions.

In a bid to remove fiber products from portfolio and focus on LP SmartSide strand siding technology, Louisiana-Pacific Corporation LPX has inked a deal with Maibec to divest LP's East River facility, located in Nova Scotia, Canada.

Going forward, Soprad's products will be marketed under the Pregis' PolyMask brand and will further reinforce its offerings to a growing global market. (PolyMask products include temporary surface protection films and specialty films)

Canfor Corporation announced that the transfer of the Vavenby tenure to Interfor is now complete. The sale of the Vavenby tenure provides the best opportunity for future economic activities and employment in the local communities.

The Australian Competition and Consumer Commission (ACCC) will not oppose the proposed acquisition of Direct Paper by Spicers.

The Australian Competition and Consumer Commission won't oppose the proposed acquisition of Orora Fibre by Australian Paper.

Wes Carter, President of Atlantic Corporation of Wilmington, has announced the acquisition of Coastal Corrugated, a 35-year-old family owned box company located in North Charleston, SC.

Central National Gottesman Inc. (CNG), which owns a range of sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products and metals industries, announced that its Lindenmeyr Munroe division has acquired the business of Wilcox Paper, an independent paper merchant based in Champlin, Minnesota.

The forest owners' associations Norrskog and Norra Skogsägarna agreed to merge and form a new joint association under the group name Norra Skog.