Mergers & Acquisitions

The transaction value is approximately $700 million, based on Adjusted EBITDA of approximately $100 million.

Antalis continues to expand internationally and has signed a binding agreement to acquire Pakella, a leading player in the distribution and manufacture of industrial and food packaging in Latvia, Lithuania and Estonia. Pakella is a leading packaging distributor in Baltic countries with a Euro15 million turnover in 2023 and 60 employees.

Under UK takeover rules, Mondi now has until March 7 to "put up or shut up" -- in other words, make a firm offer or walk away -- unless the deadline is extended with the consent of both parties.

Canfor Pulp president and CEO Kevin Edgson says the new owner is committed to repurposing the site and developing a long-term plan that will benefit the community.

As part of its ongoing commitment to relentless innovation and product development, Quad, a marketing experience company, acquired North Carolina-based DART Innovation, an in-store digital media solutions provider.

Combination creates a large-scale global franchise with an industry-leading solution set serving attractive, growing specialty materials markets.

CJK Group, Inc. announced that it has acquired the assets of LSC Communications Magazine and Catalog business unit, along with the stock of Kodi Collective LLC (formerly known as Continuum Marketing Services LLC). The assets and stock purchase together represent "Kodi Collective."

Thanks to this acquisition, Antalis becomes the market leader in bespoke packaging solutions for the Italian market.

The closure is expected to impact 55 employees.

Sonoco Products Company announced that certain of its subsidiaries entered into a definitive agreement to sell its Protective Solutions business to Black Diamond Capital Management, LLC ("Black Diamond") for an estimated $80 million in cash.

The new owners plan to sell certain mill assets that are no longer usable on the property. An auction is scheduled for May 7-10, 2024.

The mill has the capacity to produce around 250,000 tonnes of pulp per annum and will provide the Group with access to local, high-quality fibre from a well-established wood basket as part of a long-term partnership with West Fraser.

The Quzhou-based paper mill, located in Zhejiang province, is a world leader in the production of translucent papers for applications ranging from industrial design and graphics to food, consumer electronics and luxury packaging.

Atlas Holdings has entered into a definitive agreement to sell RedBuilt, LLC to Hampton Lumber Mills, Inc. The transaction is anticipated to close in the Q1 2024, subject to customary closing conditions. Terms were not disclosed.

Hood Container Corporation announced that it has acquired the corrugated packaging business of Sumter, SC based Sumter Packaging Corporation. This includes all of Sumter's design, manufacturing, assembly and fulfillment operations in Sumter, SC as well as the business manufactured and serviced from the Statesville, NC facility.

The property is adjacent to Kimberly-Clark's Beech Island facility, which began production in 1968, three years after the company revealed its plan to purchase an industrial site in Aiken.

At 2:30 p.m. Wednesday, Dec. 3, employees at ST Paper's Duluth plant were informed of a likely pending sale of the facility to Sofidel, a privately-held Italian multinational company that ranks as the world's seventh-largest manufacturer of tissue paper.

UPM Steyrermühl was founded in 1868 and produced newsprint paper until the end of Q2 2023. Production capacity during the last years was 320,000 tonnes annually. The site also includes a sawmill with an annual timber capacity of 370,000 cubic meters.

The Western Reserve Port Authority approved the sale of former steel mill property in the Warren and Howland area to the Kimberly-Clark Corporation, which plans to build something there.

Overall, Primestone believes the Westrock transaction "risks deteriorating SKG's business profile" by creating a higher-cost, less integrated company whilst "increasing leverage for modest financial benefits for SKG's shareholders."

Following the announcement of the Napi mill closure in June this year, Stora Enso has systematically ceased all ongoing operations at the site.

Kronospan announced the closing of its purchase of Roseburg's Simsboro, Louisiana, particleboard facility following the expiration of the required regulatory review period. Ownership of the plant has been transferred from Roseburg Forest Products to Kronospan.

Chilean industrial conglomerate Empresas Copec announced on Wednesday that it has agreed to sell some of its forestry businesses to Brazilian pulp and paper company Klabin in a deal worth some $1.16 billion.

Rayonier Inc. announced the completion of its previously announced disposition of 55,000 acres of timberland in Oregon to Manulife Investment Management on behalf of clients for $242 million (~$4,400 per acre), subject to customary prorations and closing costs.

On Friday, his business group Royal Golden Eagle (RGE), unveiled an offer to take over Vinda International Holdings by buying shares in the Hong Kong-listed tissue maker at a premium price. Major shareholders of the company, Swedish personal care product maker Essity AB and Vinda's founder Li Chao Wang, who represent about 72.63% combined ownership in the company, have agreed to the offer.