Mergers & Acquisitions

Saica Group has reached an agreement to acquire the total shares of the waste management and collection company, Ecovidal-Miguel Vidal e Hijos. Through this acquisition, Saica Natur strengthens its presence in the Henares corridor, an important business, industrial and residential area in the north-east of Madrid region.

Rengo announces that its consolidated subsidiary, Sanyo Jidosha Unso Co., Ltd., has acquired 100% of the shares issued by OASIS Inc. and OASIS EXPRESS Inc., making OASIS Group a Rengo subsidiary.

UFP Global Holdings Ltd., a subsidiary of UFP Industries, Inc. (UFPI), has acquired the remaining ownership interests in each of two affiliates in Mexico: NORPAL S. de R.L. de C.V. and TIBASA Universal Forest Products S. de R.L. de C.V.

Global packaging leader Sonoco is pleased to announce the expansion of its flexible packaging service operations with the acquisition of Inapel Embalagens Ltda. in Brazil.

Veritiv Becomes Privately Held Company

Purchase and sale agreements with Forest Investment Associates set to increase cash flow and optimize portfolio value

The net impact of the transaction on Mativ's debt is expected to be a reduction of more than $600 million, which equates to approximately 35% of Mativ's outstanding debt balance as of the end of the third quarter, and is subject to customary post-closing adjustments.

As required by the Takeovers Code in Hong Kong, Essity has today confirmed that discussions are ongoing with a number of interested parties in respect of a potential transaction regarding Essity owned shares in Vinda. No decisions relating to the future ownership of Essity's Vinda shares have been made. Vinda has made a public announcement as required by local laws.

Kronospan has executed an asset purchase agreement with Roseburg Forest Products to acquire Roseburg's Simsboro, Louisiana, particleboard facility. Completion of the acquisition is subject to customary closing conditions, including receipt of regulatory approvals.

Asia Pulp & Paper Co. is joining the bidding for a stake in Vinda International Holdings Ltd., according to people familiar with the matter, adding complexity to a battle for the Hong Kong-listed tissue maker.

Huhtamaki's subsidiary in India has recently consolidated five manufacturing sites into larger local units. Following the reorganization, the company has sold its real estate in Thane, India, from where a manufacturing facility and offices have been transferred.

Progroup AG and Sappi Stockstadt GmbH signed a contract to take over the site of the paper and pulp mill in Germany. Terms of the deal were not disclosed.

For over 70 years, TriState has provided corrugated packaging products and services to customers located in the Northeastern United States.

West Fraser Timber Co. Ltd. completed the acquisition of Spray Lake Sawmills (1980) Ltd from family on November 17, 2023. As of November 17, 2023, Canadian regulatory reviews were completed.

Rengo Co., Ltd. announces that it has acquired 30% of the shares in Velvin Containers Private Limited, a corrugated packaging manufacturer in India. Due to Rengo's equity participation, the company will change its name to Velvin Rengo Containers Private Limited.

Greif, Inc. announced that it has entered into exclusive negotiations to acquire I PACKCHEM Group SAS, a global leader in premium barrier and non-barrier jerrycans and small plastic containers, from an affiliate of SK Capital Partners, in a cash transaction valued at $538 million.

A move by RGE could add a new dimension to the bidding for Essity AB's 52% stake in Vinda, which has drawn bidders such as Suzano SA, the world's largest producer of hardwood pulp from Brazil. Buyout firms Bain Capital, CVC Capital Partners and DCP Capital also advanced in the process, it was reported in August.

Ennis, Inc., is pleased to announce its acquisition of Eagle Graphics, Inc. from Annville, PA and Diamond Graphics, Inc. from Bensalem, PA.

Rayonier Advanced Materials Inc. announced that it has engaged Houlihan Lokey as its financial advisor to explore the potential sale of its paperboard and high-yield pulp assets located at its Temiscaming site.

Rengo Co., Ltd. announces that its consolidated subsidiary, Tri-Wall Limited, has acquired a 100% stake in Gestora Comercial Internacional，S.L.U. (Gecoinsa), through Tri-Wall's wholly owned subsidiary.

Veritiv Corporation, a leading full-service provider of business-to-business products, services and solutions, held a special meeting of stockholders at which Veritiv stockholders voted in favor of all proposals, including a proposal to approve the Company's pending acquisition by an affiliate of Clayton, Dubilier & Rice, (CD&R).

Norske Skog has completed a transaction for the sale of the Tasman mill industrial site and remaining mill assets to the Australasian pulp, paper, and packaging group Oji Fibre Solutions.

Pixelle employs six people to maintain operations and oversee decommission activities. The company is selling the paper machines and the related equipment.

Mondi has received RUB 57 billion ($568 million) into its London bank account and it is in possession of a letter of credit for the final RUB 23 billion ($229 million), which will be paid in two equal instalments in each of November and December 2023.

Accursia Capital now operates the Stenay plant under a new brand, Stenpa. The Company, which will be renamed to Stenpa SAS produces specialty paper and has an annual capacity of 55,000 tonnes.