Mergers & Acquisitions

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.

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.

Shareholders to Receive $170 Per Share in Cash

These two plants have a revenue of Euro 105 million in 2022, and provide direct employment to 247 people.

The hygiene and health company Essity has completed the divestment of its operations in Russia for a purchase price of approximately SEK 1.2bn on a cash and debt-free basis. Essity has thus exited Russia.

After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay plant. The potential acquisition is subject to consultation with employee representatives.

Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. The transaction is expected to be completed during August 2023.

UPM has signed an agreement on the sale of the recovered paper sorting plant ASK Kinsau in Germany to the Fisel Holding GmbH & Co. KG, a recovered logistics and municipal waste disposal company.

Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc ("Mondi") confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this disposal into its Austrian bank account.

Mondi plc (Mondi), a global leader in the production of sustainable packaging and paper, has agreed to acquire the 250,000 tonne per annum Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million.

Transaction Represents 67th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

Another forest products company has entered into an agreement to purchase the plant in a transaction that is expected to close later this year, RFP said Friday in a news release.

Stora Enso intends to divest its wood products DIY (Do It Yourself) unit in Amsterdam, the Netherlands to Megahout, backed by the private equity company Quadrum Capital. Closing is expected in Q3 2023, subject to regulatory approvals and consultation with employee representatives.

PaperWorks Industries Inc. has completed the acquisition of The Standard Group. Founded in 1932, The Standard Group is a converter of custom printed paperboard packaging with a manufacturing location in Louisville, Kentucky.

UMC Print has been a leading trade-only printer and provider of commercial printing services since 1936.

It was reported on Monday Mondi said it terminated a 95 billion rouble ($1.17 billion) deal to sell its largest plant in Russia to an investment vehicle owned by Russian billionaire Viktor Kharitonin due to a "lack of progress" in getting approvals.

The agreed price for the company is US$40 million.

Essity began work in April 2022 to exit the Russian market and in 2022 an impairment was carried out of the company's assets in Russia of approximately SEK 1.7bn.

The acquisition will expand plant operations, manufacturing capabilities, and increase market share for Mercer Mass Timber and parent company, Mercer International.

Visy had acquired Zenexus, a privately owned supplier and distributor of moving and storage boxes, major brand hardware and retail products. It is one of the largest suppliers to Bunnings (Australia and New Zealand) and the deal will mean additional annual revenues of $170 million for Visy.

Transaction Represents 64th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products.

Stylecraft is a trade only printer since 1967 specializing in business forms, integrated products and commercial printing.

Connecticut-based Atlas Holdings to close deal with Resolute on mill later this year.

Mercer to acquire substantially all of Structurlam's assets, including its state-of-the-art mass timber facility in Conway, Arkansas, cementing Mercer's position as a leading mass timber provider in North America.

This acquisition represents a significant step forward on the German consumer brands market and also allows Sofidel to enter a new category, moist toilet tissue.