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Sonoco Recycling acquires American Recycling of Western North Carolina

Sonoco Recycling, a unit of Sonoco, has acquired American Recycling of Western North Carolina, a privately owned recovered paper recycler located in Asheville, North Carolina.

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Metsä Board to purchase all shares in Hämeenkyrön Voima Oy

Metsä Board, part of Metsä Group, purchases from Pohjolan Voima Oyj all the shares in Hämeenkyrön Voima Oy that it owns. Metsä Board has announced its plan to purchase the shares on 27 September 2021.

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Ahlstrom-Munksjö completes the acquisition of majority stake in Chinese decor paper producer Minglian

Ahlstrom-Munksjö has successfully completed the acquisition of a 60% stake in Chinese decor paper producer Minglian New Materials Technology Co., Ltd. and forms a joint venture which comprises a state-of-the-art plant in the city of Xingtai, Hebei Province, China. A non-binding letter of intent with the majority shareholders was initially signed in November 2019 but the Covid-19 pandemic delayed the negotiations and closing of the transaction.

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Huhtamaki has acquired full ownership of its paper bag joint venture in Poland

Huhtamaki has acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd. (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland.

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Greif, Inc. Announces Definitive Agreement to Divest 50% Stake in Flexible Packaging Joint Venture to Gulf Refined Packaging for $123 million

Greif, Inc., a global leader in industrial packaging products and services, announced today that it has entered into a definitive agreement to divest its 50% share in the Flexible Packaging joint venture, or "FPS" to Gulf Refined Packaging (GRP) for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments. Greif expects to use the proceeds for debt repayment.

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Pactiv Evergreen to Sell its Carton Packaging and Filling Machinery Businesses in China, Korea and Taiwan

Pactiv Evergreen Inc. announced that it has entered into a definitive agreement by its wholly-owned subsidiary, Evergreen Packaging International LLC (Evergreen Packaging), to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of approximately $335 million.

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Verso holder Hoak comes out against sale to BillerudKorsnas, will vote against deal

Verso Corp. holder Hoak & Co. is against the company's $27/share sale to to BillerudKorsnas and would like the company to remain independent.

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Bast Fibre Technologies to acquire North Carolina based Lumberton Cellulose LLC from Georgia-Pacific

Bast Fibre Technologies Inc. (BFT), a manufacturer of premium natural fibres for the global nonwoven and textile industries, announced that it has entered into a definitive agreement to acquire Lumberton Cellulose LLC (LC), a natural fibre processing facility located in Lumberton, North Carolina from Georgia-Pacific Cellulose LLC.

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Former Clearwater Paper mill sold

Potential uses for the six-story south section of the mill building are being explored. KKIL is conducting a feasibility study to see if converting the space into apartments -- including indoor parking, an outdoor rooftop area and other amenities -- is possible.

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Quad Completes Sale of Former Oklahoma City and Fernley Manufacturing Facilities

Quad/Graphics, Inc. announced it has completed the sale of its former Oklahoma City, OK, and Fernley, NV, manufacturing facilities to affiliates of Industrial Realty Group, LLC, one of the country's largest owners of commercial and industrial properties, for combined net proceeds of $58.6 million.

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UFP Industries acquires Advantage Label & Packaging

UFP Industries announced that its affiliate, UFP Packaging, LLC, has acquired Advantage Label & Packaging, Inc. (Advantage Label), a provider of labels and related equipment used in industrial packaging, for approximately $16 million. The transaction also includes $2.9 million for related real estate as well as incentive payments of up to $4.5 million over five years if certain performance goals are met.

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Arauco acquires majority ownership in Odd Industries

Arauco has closed the acquisition of majority ownership in Odd Industries, the ethically-driven industrial artificial intelligence (IAI) pioneer. Together they will accelerate the use of artificial intelligence with the mission to slow and reverse climate change.

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PotlatchDeltic Acquires Timberlands in Southern Arkansas and Northern Louisiana

PotlatchDeltic Corporation announced a merger with Loutre Land and Timber Company ("Loutre"). PotlatchDeltic issued 1.96 million shares of common stock and assumed debt of $6.6 million in exchange for Loutre's 51,340 acres of high-quality, well-stocked timberlands in southern Arkansas and northern Louisiana.

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UFP Industries makes acquisition

UFP Industries announced that its subsidiary, Deckorators, Inc., has acquired Ultra Aluminum Manufacturing Inc. (Ultra), a leading manufacturer of aluminum fencing, gates and railing, for $25 million. The transaction includes $2 million to be paid if certain future performance goals are met.

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Essity acquires advanced wound care company in US

Essity has acquired the company Hydrofera. The company offers technology and products within advanced wound care. The purchase price amounts to USD 116m (approximately SEK 1.1bn) with a potential additional earnout amount of USD 15m (approximately SEK 137m) on a cash and debt free basis. The acquisition supports Essity's strategic priority to grow through acquisitions in Medical Solutions.

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Verso Corporation to be Acquired by BillerudKorsnäs AB for $27 Per Share in Cash, or Approximately $825 Million

Verso Corporation announced that it has entered into a definitive merger agreement under which BillerudKorsnäs AB ("BillerudKorsnäs") will acquire all of the outstanding shares of Verso for a purchase price of $27 per share in cash, or approximately $825 million. Verso's Board of Directors, acting upon the recommendation of a special committee of Verso's Board, has unanimously approved and resolved to recommend approval of the merger by Verso's shareholders. The transaction is expected to close in the second quarter of 2022.

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Essity acquires US medical solutions company within orthopedics

Essity has acquired the orthopedic specialist company AquaCast Liner, a provider of waterproof cast liners on the US market.

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Mayr-Melnhof acquires Swedish sawmill group Bergkvist Siljan

The Mayr-Melnhof Holz Holding Group, based in Leoben, Austria, has signed an agreement to acquire the Swedish sawmill group Bergkvist Siljan from ESSVP IV, advised by Orlando Nordics AB. This continues the consistent expansion and growth strategy of the Austrian wood processing group.

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Report: Clearwater Paper could become acquisition target for BillerudKorsnäs

Clearwater Paper may become a takeover target for BillerudKorsnäs if the Swedish company looks to expand its North American platform, according to RBC (Royal Bank of Canada)

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R.R. Donnelley Gets Unsolicited Bid After Deal With Chatham

R.R. Donnelley & Sons Co., the printing and information services company, said it received a higher non-binding offer from a strategic party just days after it agreed to be bought by Chatham Asset Management LLC.

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West Fraser Completes U.S. South OSB Mill Acquisition

West Fraser Timber Co. Ltd. announced that further to its news release of October 26, 2021, the Company has completed the acquisition of the oriented strand board ("OSB") mill near Allendale, South Carolina.

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Sonoco Agrees to Acquire Ball Metalpack

The purchase price for the acquisition is $1.35 billion in cash, subject to customary adjustments, including for working capital, cash and indebtedness.

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Wynnchurch Capital Acquires Appvion's Thermal Coating Business

Wynnchurch Capital, L.P., a leading middle market private equity firm, announced that it has acquired the thermal coating business assets of Appvion Holding Corp. and its subsidiaries. Founded in 1907 and headquartered in Appleton, Wisconsin, Appvion is a leading provider of specialty and high-performance direct thermal coatings for label and film solutions as well as renewable, fiber-based consumer and industrial packaging solutions.

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CMPC to acquire pulp, paper and sack businesses of Iguaçu Celulose, Papel S.A for $170 million

CMPC says it will purchase the forest and industrial assets of the pulp, paper and sack businesses of Iguaçu Celulose, Papel S.A., located in the States of Paraná and Santa Catarina of Brazil.

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SWM International Closes Sale of Spotswood, New Jersey Property

SWM International has finalized the sale of its former Spotswood, New Jersey facility to an undisclosed buyer, with net proceeds of approximately $35 million.

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Displaying Articles 1 - 25 of 410
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