Mergers & Acquisitions

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.

With a single operating location in Winnipeg, Canada, Reliance's operations are strategically located to serve the primary agriculture markets in North America. Reliance products utilize a unique in-mold fluorination barrier (IMF) process which provides a compelling additional capability to the Greif portfolio of barrier technologies.

Boise Cascade has completed the previously announced acquisition of Brockway-Smith Company (BROSCO), a leading wholesale distributor specializing in doors and millwork.

Rengo Co., Ltd. announces that major subsidiaries in the folding carton business, Fuji-Hoso Shiki Co., Ltd. and Marufuku Co., Ltd. will be merged on October 1, 2023, and their trade name will be changed to Fuji-Marufuku Co., Ltd.

Vida AB, owned 70% by Canfor Corporation, will acquire a 50 million board feet sawmill from Ingarp Träskydd for 50 million SEK (CAD$6.0 million). The sawmill has the potential for expansion to 100 million board feet and the transaction is expected to close on October 3, 2023.

West Fraser Timber is shedding two of its pulp mills located in the provinces of British Columbia and Alberta for $120 million as it doubles down on its wood building products focus.

Mondi plc announces that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest LLC for a total cash consideration of RUB 80 billion (Euro 775 million) to be paid in a series of instalments.

International Paper announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash.

UFP Global Holdings Ltd., a subsidiary of UFP Industries, Inc., has acquired 80% of the equity in a newly formed company, UFP Palets y Embalajes SL, for approximately $52 million.