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Cascades, a leader in eco-friendly recovery, hygiene and packaging solutions, is pleased to continue supporting efforts to fight effects of the pandemic.

Reported insider trading since the last issue of PaperMoney.

Closures, cutbacks and capital projects

UFP Industries announced that its Board of Directors approved an agreement for UFP Industrial, LLC, to purchase 100% of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne's recent capital expenditures.

In order to respond to the fast development of the retail business and egg packaging industry in Eastern and Central parts of Russia, the company is setting up a new fiber packaging manufacturing plant at its existing site in Alabuga, Tatarstan.

The investment of EUR 80 million will enhance Stora Enso's production capabilities for premium packaging board.

The new mill would add 2.2 million tonnes of annual pulp capacity to Suzano's operations.

Paper Excellence plans to invest over $13 million at its Port Alberni paper mill in British Columbia, Canada. Detailed engineering for the project will start shortly followed by procurement of needed equipment.

The Mayr-Melnhof Group has reached an agreement to acquire Kotkamills Group Oyj ("Kotkamills") from the previous owners for an enterprise value of around EUR 425 million.

Pixelle Specialty Solutions, the owner of a Jay paper mill where an April 15 industrial explosion led to layoffs of 177 employees, said it plans to continue making paper there but will not rebuild paper-making equipment that was damaged by the blast.

An employee at the Pixelle paper mill in Chillicothe fell Wednesday night on a metal pole.

Preparatory work belonging to the pre-engineering for the Kemi bioproduct mill project of Metsä Fibre continues with new preparation activities in the mill area.

This is part of the ongoing strategic development process to transition the Tasman mill in New Zealand out of standard newprint production.

The former Ponderay Newsprint Co. mill in Usk has been listed for sale at $11.5 million, following the facility's Chapter 7 bankruptcy filing and closure in June.

After a fire broke out Wednesday evening, Dec. 2, at Inland Empire Paper Co., firefighters were quickly able to contain the flames.

Amcor Flexibles North America will permanently close its Akron, Ohio-area label-making plant in March, consolidating its operations with a plant in New York and eliminating 108 jobs.

Atlas Holdings announced that it has completed its acquisition of substantially all of the assets of LSC Communications, Inc., a North American leader in print and digital media solutions.

Innovative, fully digitized processes will significantly increase the efficiency of waste paper processing and at the same time reduce the specific consumption of energy and water.

Stora Enso is investing EUR 14 million to build a granulation and packing plant for lignin, allowing easier packing and handling of lignin compared to powder and wet form.

International Paper announced a plan to pursue a spin-off of the Company's Printing Papers segment into a standalone, publicly traded company ("SpinCo").

SCA is changing the name of its business area Paper to business area Containerboard as of January 1, 2021. Following the discontinuation of its publication paper operations during the first quarter, SCA's paper production will consist solely of packaging paper, a product with a stable and growing demand.

A $140 million investment will increase employment by 10 percent at Kimberly-Clark.

UPM has completed the employee consultation process started in October on its plans to improve efficiency in global functions.

Metsä Board, part of Metsä Group, has on 1 December 2020 signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden. The buyer is the Swedish forest owners' cooperative (ekonomisk förening) Norra Skog, with whom Metsä Forest Sverige, responsible for Metsä Board's wood procurement in Sweden, has simultaneously entered into a long-term wood supply agreement.

SCA Wood Supply UK Ltd, which is engaged in the manufacture and distribution of timber and associated products for the Home Improvement and Builders Merchant sector in the United Kingdom, has been divested to BSW Timber Ltd. SCA will keep its organization for the sales of wood products to industrial customers in the UK.