Mergers & Acquisitions

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.

Hong Kong-based tissue and diaper maker Vinda International held management presentations in the last week for potential buyers of a majority stake owned by Sweden's Essity, three people with knowledge of the matter said.

Prinzhorn Group's Hamburger Recycling has signed a contract covering the takeover of the Italian recycling company Eurocart, together with its affiliated company Berica Recuperi. The recovered paper specialist located in Vicenza operates with three logistic centers, 130 employees and has the capacity to collect and process 239,000 tons of paper for recycling and other secondary raw materials annually.

Etteplan and Stora Enso have made an agreement on Stora Enso's Sunila pulp mill Technology and Investments department transfer to Etteplan. The agreement covers the transfer of 10 Stora Enso project managers and engineers to Etteplan as of September 18, 2023. The transfer is related to Stora Enso's decision to close the production of pulp at Sunila Mill in Kotka, Finland by the end of 2023.

Smurfit Kappa and WestRock to combine, creating Smurfit WestRock, a global leader in sustainable packaging with unparalleled scale, quality, product and geographic diversity.

The purchase price for this acquisition was $330 million.

The transaction represents the 70th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.

SCA and Persson Invest began their collaboration around Gällö Timber and the sawmill in Gällö, Jämtland in 2010. Since 2010, significant investments have been made in the sawmill to develop its operations and strengthen its competitiveness. Today, the sawmill has 115 employees and a capacity of 370,000 cubic meters of sawn timber.

ColePak is the second largest supplier of paper partitions in North America and has a compelling future growth path in that unique product niche.

BROSCO is a fifth-generation, family-owned company founded in 1890.

Agreement will expand ArborGen's presence and availability of genetically improved Eucalyptus seedlings in the state.

Ostrest GmbH to assume ownership effective August 15, 2023 with site to remain fully operational.

Ahlstrom has entered into an agreement to divest its Stenay plant in France to Accursia Capital, following the announcement of Accursia Capital's binding offer in July. The divestment was confirmed after receiving endorsement from the site's employee representatives. The transaction is expected to be completed by the end of September.

Shareholders to Receive $170 Per Share in Cash

First Quality Enterprises, LLC announced the successful closing of its previously announced acquisition of Domtar Corporations' pulp mill located in Dryden, Ontario, Canada. The Dryden Mill produces high quality Northern Bleached Softwood Kraft pulp for customers in North America.

The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and will support strategic priorities of increasing integration rates and expanding customers and categories.

DS Smith, a leading sustainable packaging provider, announced it has entered into an agreement to acquire Bosis doo, a high-quality packaging company in Serbia.

Headquartered in Toronto, Canada, Hanna processes 300,000 tons of paper annually through its eight recovery facilities across North America. The company employs approximately 200 employees and services over 1,000 customers.