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Central National Gottesman Inc. (CNG) Acquires Business Products Wholesaler S.P. Richards (SPR) (relevance: 11.1%, date: Jan 17, 2023)
The closing is expected to take place on January 31, 2023.

Cosmo Specialty Fibers receives new ownership group (relevance: 11.1%, date: Jan 17, 2023)
Cosmo Specialty Fibers Inc. has gained new ownership following more than 12 years since the mill was bought by The Gores Group, a Los Angeles-based private equity firm, in 2010. The United Kingdom-based firm, Charlestown Investments, is the new owner.

Thunder Bay: Resolute and Unifor Agree to New Deal (relevance: 11.1%, date: Jan 3, 2023)
Over 200 Unifor Local 5025 members voted strongly in favor of a new deal with Resolute Forest Product's Thunder Bay Sawmill that will see the current collective agreement re-opened and extended by 4 years to September 8th, 2028. The new extension will include key language improvements, an additional 24% average pay raise and achieve all provisions of Unifor's Eastern Canada Pulp and Paper Pattern established back in May.

Amcor sells facilities in Russia (relevance: 11.1%, date: Jan 3, 2023)
The cash and debt free consideration value is €370 million.

Contract Ratified For Domtar Dryden Unifor Mill Workers (relevance: 11.1%, date: Jan 3, 2023)
Over 450 Unifor members in Dryden have voted overwhelmingly in favor of three new contracts with Domtar.

The Final Word by Helen Roush (relevance: 11.1%, date: Jan 3, 2023)
Major winter storm wreaks havoc

Disconnected Comparisons (relevance: 11.1%, date: Jan 3, 2023)
The PM40 closed 30 December 2022 up 8.3% from the 31 December 2021 level. Over the same period, the Invesco Equal-Weight S&P 500 Index was down 13.2%.

Click here to view the RearView.

RearView (relevance: 11.1%, date: Jan 3, 2023)
The PM40 closed 30 December 2022 up 8.3% from the 31 December 2021 level.

PM40 (relevance: 11.1%, date: Jan 3, 2023)
The PM40 closed Friday, 30 December 2022, at 5116.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

Rocky times ahead? (relevance: 11.1%, date: Jan 3, 2023)
We are starting off 2023 with some doubts.

Valmet to deliver a coating section upgrade with electric heated air dryers to Stora Enso in Finland (relevance: 11.1%, date: Jan 3, 2023)
The value of deliveries of this type is usually around EUR 5-8 million.

Clearwater Paper revises outlook amid higher maintenance costs (relevance: 11.1%, date: Jan 3, 2023)
Due to higher-than-expected major maintenance related costs at the company's Lewiston, Idaho mill, and other operational issues, the company now expects adjusted EBITDA for the fourth quarter of 2022 to be in the range of $28M-$34M and full year 2022 adjusted EBITDA of $227M-$233M.

Billerud Michigan paper mill potential $1 billion upgrade takes step forward (relevance: 11.1%, date: Jan 3, 2023)
Billerud, who took over the mill last year, plans to transform the mill, which has struggled with years of declining profits, into a state-of-the-art, high-end packaging manufacturer. Billerud's Vice President of Technical Services, Michael Glodowski sees their new product line as a way to maintain profitability for decades to come.

Saica to acquire 76% majority stake in Fox Recykling in Poland (relevance: 11.1%, date: Jan 3, 2023)
Recycled paper producer Saica Group has reached an agreement to acquire the majority of shares (76%) of Fox Recykling, a waste management company in Poland. Thanks to this acquisition, Saica strengthens its growth strategy in Eastern Europe and expands the footprint of one of its business divisions: Saica Natur.

Marcal Paper Acquires von Drehle Corporation (relevance: 11.1%, date: Jan 3, 2023)
Marcal Paper, a leading manufacturer of recycled and eco-friendly bath, towel, and tissue products, announced today that it has acquired von Drehle Corporation, a premier provider of quality towel and tissue products for the away-from-home market. Von Drehle Corporation will operate as a division of Marcal Paper.

UPM enters final phases of construction on new pulp mill in Uruguay (relevance: 11.1%, date: Jan 3, 2023)
UPM is finalizing the construction works of the new pulp mill in Uruguay and enters the final phases of the project. The start-up of the UPM Paso de los Toros pulp mill is expected by the end of the Q1 2023.

RYAM's Jesup Facility Impacted by Natural Gas Supply Disruption (relevance: 11.1%, date: Jan 3, 2023)
Rayonier Advanced Materials Inc. announced that its facility at Jesup, Georgia has been impacted by a force majeure declared by its natural gas provider, Southern Natural Gas Company, L.L.C., due to an unscheduled outage of the Elba Express Pipeline's Hartwell Compressor Station (the "SNG Force Majeure Event", or "Event").

Appvion Announces Leadership Transition (relevance: 11.1%, date: Dec 20, 2022)
Appvion, a Wynnchurch Capital, L.P. portfolio company, announced today that Paul Charapata, former President and CEO of recently acquired Nekoosa Coated Products, LLC, has been named CEO of the Appvion platform. The current CEO, Laurie Andriate, will transition to the Board of Directors.

Pregis adds digital printing capabilities at EverTec mailer production facilities (relevance: 11.1%, date: Dec 20, 2022)
Pregis®, a leading global manufacturer of flexible packaging and protective packaging solutions, recently added digital printing capabilities at production facilities across North America, offering customers high-impact protection and impactful brand messaging with the Pregis EverTec™ curbside recyclable padded mailer.

Rayonier Honored by Women Executive Leadership for Advancing Gender Diversity in the Boardroom (relevance: 11.1%, date: Dec 20, 2022)
Rayonier Inc. has been recognized for accelerating the advancement of gender diversity in the boardroom by Women Executive Leadership (WEL), a nonprofit organization that advocates, educates and connects accomplished executive women. The Elevate Award salutes public companies that have added female board members since WEL's 2017 Census. Rayonier added its first female director to its board in 1994. Currently three female directors serve on its 10-member board, two of whom have joined since 2020.

Dow Jones Sustainability Index lists UPM the leader of its industry (relevance: 11.1%, date: Dec 20, 2022)
UPM has been listed in the Dow Jones European and World Sustainability Indices (DJSI) for 2022-2023 as the only company in its industry. The DJSI indices cover environmental, social and governance aspects of responsibility.

Essity on CDP's A List for sustainability (relevance: 11.1%, date: Dec 20, 2022)
The hygiene and health company Essity has once again been recognized for its leadership in sustainability by the global non-profit environmental organization CDP. The company is awarded a place on CDP's prestigious A List for its work in combating deforestation.

Disconnected Comparisons (relevance: 11.1%, date: Dec 20, 2022)
In this issue of Disconnected Comparisons, we evaluate Kimberly-Clark and UPM Kymmene.

RearView (relevance: 11.1%, date: Dec 20, 2022)
The PM40 closed 16 December 2022 up 12.9% from the 17 December 2021 level.

PM40 (relevance: 11.1%, date: Dec 20, 2022)
The PM40 closed Friday, 16 December 2022, at 5143.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.