Mergers & Acquisitions

The Town of Fort Frances faces a looming deadline while it works hard to find a buyer for the former Resolute paper mill.

The nursery will produce 15 million eucalyptus seedlings, including genetically improved clonal material from Gerdau and International Paper do Brazil.

The acquisition allows Huhtamaki to speed up its growth in India by improving its capability to serve the customers in South India.

Huhtamaki has entered into an agreement to acquire the majority of Everest Flexibles (Pty) Limited ("Everest"), a privately-owned flexible packaging manufacturer in South Africa.

The management team of paper manufacturer Arjowiggins Creative Papers has announced the successful management buyout of its UK operations, protecting hundreds of jobs in Scotland and safeguarding Aberdeen's historic Stoneywood paper mill.

Rengo Co., Ltd. has acquired 80% of shares with voting rights of Nishihara-Shigyo Co., Ltd. in Japan, making Nishihara-Shigyo a Rengo subsidiary.

Norske Skog president and chief executive Sven Ombudstvedt announced the sale of the Albury mill to paper, packaging and recycling group Visy for $85 million.

The sale of the Park Falls Flambeau River Papers mill to newly formed company Element Ventures could not be finalized and the assets of the mill will now be marketed as a liquidation sale.

Louisiana-Pacific Corporation announced that it has acquired the prefinishing assets at a Granite City, Ill., prefinish facility near St. Louis owned by BlueLinx.

The deal is expected to be completed by March 2020, pending regulatory approvals.

Ahlstrom-Munksjö is currently exploring potential acquisitions, mergers, and joint-ventures with decor paper suppliers in China to speed up the execution of its strategy and capture the attractive value-creation opportunity in the decor business. In addition, the company is investigating the possibility to attract outside capital investment into the Decor business to further fund such objectives.

Voith has signed an agreement with Spectris plc to acquire BTG for a total gross cash consideration of Euro 319 million.

DuPont Safety & Construction (DuPont) announced it has signed an agreement to acquire the Ultrafiltration Membrane business from BASF including inge GmbH.

Universal Forest Products has acquired Hartford, Wisconsin-based Pallet USA, LLC, the company announced. The acquisition expands Universal's industrial product capacity and services in the Midwest.

An order conditionally approving the sale of the Park Falls Flambeau River Papers mill was approved by Price County Judge Kevin Klein following a hearing Thursday afternoon.

AstenJohnson has announced the end of the proposed transaction to merge the Heimbach and AstenJohnson PMC businesses.

Quad/Graphics, Inc. announced that it has sold its heavy-duty industrial wood crating business Transpak to FCA Packaging, a nationwide leader in the custom industrial packaging solutions space.

Fortress Global Enterprises Inc. announces that, as a result of ongoing financial constraints impacting the Company primarily resulting from a 10-year low in dissolving pulp prices, the Board of Directors has formed a Strategic Committee to consider various strategic and financing alternatives potentially available to the Company, including a recapitalization, restructuring and/or business combination transaction.

A Belfast startup says it has bought the former Madison Paper Industries mill. Building products manufacturing startup GO Lab indicated the deal was worth $1.9 million.

LSC Communications and United Business Mail (UBM) announced today that UBM has acquired LSC's commingle business for $11.25 million in cash.

Sonoco announced it completed the acquisition of Corenso Holdings America, Inc. from a company owned by investment funds advised by Madison Dearborn Partners, LLC, and management for $110 million in cash.

Bemis, located in Clara (Ireland), Derry (Northern Ireland, UK), and Elsham (United Kingdom), will be merged with Nelipak, and the combined company will operate under the Nelipak Healthcare Packaging brand.

Forest2Market and Fisher International will continue to operate individually as the transition is planned and implemented.

The deal will create the largest company in this segment in Brazil.

The move will expand Universal's capacity to produce value-added siding and trim for customers in its Northwest and Mountain West regions.