Mergers & Acquisitions

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.

UPM Biochemicals has acquired SunCoal Industries GmbH, a German-based company that developed a unique technology portfolio to produce performance products from renewable raw materials.

Resolute Forest Products Inc., a subsidiary of Domtar Corporation and a part of the Paper Excellence Group, today announced that, on August 1, 2023, it completed the previously disclosed sale of the Thunder Bay (Ontario) pulp and paper mill to an affiliate of Atlas Holdings, pursuant to the terms of the asset purchase agreement dated May 26, 2023.

Company intends to use net sale proceeds of approximately $575 million to reduce debt.

Hood Container Corporation has acquired the corrugated packaging business of Dalton, Georgia based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton. Hood will continue operating these assets in the current facility.

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.

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.

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

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