Recent Articles

Weyerhaeuser Company announced the completion of its acquisition of 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for approximately $149 million earlier this week. Separately, the company announced an agreement to sell 145,000 acres of timberlands in the North Cascades region of Washington to Hampton Resources for $266 million.

UFP Industries, Inc. announced that a wholly owned subsidiary of UFP Construction, LLC, has acquired the assets of Endurable Building Products, LLC.

Pending approval from the bankruptcy court, the former Ponderay Newsprint Mill will be reopened as a corrugated cardboard paper production facility, according to court filings sent from Chapter 7 Trustee John D. Munding. Allrise Capital had the winning bid, in the amount of $18,100,000.

Hygiene and health company Essity has signed an agreement today to acquire the remaining 25% of the shares in the Swedish medical solutions company ABIGO Medical AB. Essity acquired 75% of ABIGO Medical in February 2020.

Central National Gottesman Inc. (CNG) announced that its Kelly Spicers division has acquired California Supply North, a specialty packaging distributor that serves the Northern California region.

The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and significant opportunities for paperboard integration upon completion.

Rayonier Advanced Materials announced that its Fernandina plant has produced 10 million tons of high purity cellulose.

On Thursday night, April 22, firefighters responded to a report of a fire at LSC Communications in Rockingham County.

ST Paper will seek up to $1.5 million in state job-creation funds to breathe new life into Verso Corp.'s Duluth paper mill, with the full support of the Duluth City Council.

Dennis Schoeneck, owner of Enterprise Forest Products in Pelican Lake, said his "business changed immediately on June 9, 2020″ when the Verso Mill in Wisconsin Rapids suddenly closed.

At least 10 WestRock employees have tested positive for COVID-19 in the past week, and one employee died from complications of the virus, according to Cowlitz County Health and Human Services.

The company, a U.S. subsidiary of China-based Nine Dragons Paper Holdings Ltd., said the new operation will produce 200 metric tons of unbleached pulp daily and support 20 new jobs in Maine when it is at full operation.

Essity has made an agreement to acquire approximately 44% of the Colombian hygiene company Productos Familia S.A. ("Familia"). After closing of the transaction Essity's ownership in Familia will amount to at least 94%. Essity has been an owner in Familia since 1985, and currently owns 50% of the company. The purchase price amounts to USD 1,540m (approximately SEK 13bn) for 100% of the company on a debt free basis.

Huhtamaki, a key advanced manufacturer of sustainable packaging solutions for consumers around the world, has entered into an agreement to acquire the assets of Jiangsu Hihio-Art Packaging Co. Ltd., a leading manufacturer of paper bags, wraps and folding carton packaging in China.

IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, announced the Company has completed fundamental constructions on its new tissue paper production line (the "PM10") and is working on the installation of affiliated equipment.

Smurfit Kappa has announced a significant investment in its Hoya paper mill and board manufacturing plant in northwest Germany. It is the latest phase of an investment programme, which commenced in 2011, and this last phase will see production output increase by 70 kt to 450 kt per annum.

Sylvamo Corporation, a subsidiary of International Paper that is in the process of being spun off into an independent, publicly-traded company, could put its headquarters in Memphis.

Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden and Veitsiluoto Mill in Finland regarding a plan to permanently close down pulp and paper production at both mills. The planned closures would take place during the third quarter of 2021, and affect directly 670 people in Finland and 440 people in Sweden.

Global manufacturer USG Corporation will open a 90,000-square foot facility in the Montbello neighborhood.

Specific proposals outlined in the letter include removing the Company's value destructive "poison pill," executing a modest stock buyback program, and conducting a non-deal equity roadshow to educate the institutional investment community on RRD's recent deleveraging and growth initiatives. As a longstanding, supportive shareholder of RRD, Chatham strongly recommends RRD undertake these actions to enhance value for all the Company's stakeholders.

The Board of Directors of UPM-Kymmene Corporation has today decided to complement its Audit Committee composition by appointing Emma FitzGerald as the fourth member of the committee. The appointment is made following the stepping-down of Ms FitzGerald from her CEO role in Puma Energy Ltd., which allows her availability to Audit Committee work. Ms FitzGerald is also a member of UPM Board's Remuneration Committee.

Rengo has acquired all of Toppan Printing's shares of its consolidated subsidiary Rengo Toppan Containers and made it a wholly owned subsidiary, as well as changed the company name to "RG Containers Co., Ltd."

Two of the country's largest pulp and paper unions, Unifor and the Public and Private Workers of Canada (PPWC), have agreed to continue to work together in the next round of pulp and paper bargaining for members across Western Canada.

Arctic Paper consolidates the sales organizations for Scandinavia and the Baltics into a joint company, Arctic Paper ScanBaltics.

Procter & Gamble announced it will hike prices on baby care, feminine care and adult incontinence products in September to respond to higher commodity costs.