Mergers & Acquisitions

Veritiv Operating Company, a leader in specialty packaging distribution, facility solutions and print products and solutions, announced that it has acquired Subotnick Packaging, an Oregon-based distributor of packaging products and equipment serving the building materials, food, e-commerce, and transportation industries.

Strengthening Global Position in Waste Paper Recycling and Stock Preparation

Stora Enso has finalised the sale of approximately 175,000 hectares of forest land in Sweden, representing 12.4% of its total holdings in the country, for an enterprise value of SEK 9.8 billion, equivalent to Euro 900 million. The buyers include Soya Group, which acquires a 40.6% stake, and a consortium led by MEAG, the asset management arm of Munich Re, with a 44.4% stake. Stora Enso retains 15% ownership in the new structure.

The Molpus Woodlands Group, LLC (Molpus), a leading timberland investment management organization, has, on behalf of its clients, successfully purchased approximately 173,000 acres of timberland in Alabama, Louisiana, and Mississippi combined.

Ahlstrom, a global leader in sustainable fiber-based specialty materials, announces that it has completed the divestment of its abrasives business unit to Munksjö. The transaction marks a key step on Ahlstrom's transformation journey to become the preferred sustainable specialty materials company.

Greif, Inc., a global leader in industrial packaging products and services, announced that it has completed the previously announced sale of its timberlands business to Molpus Woodlands Group, on behalf of clients, for approximately $462 million after adjustments.

Veritiv Operating Company, a leader in specialty packaging distribution, facility solutions and print products and solutions, announced that it has acquired the packaging distribution business of S. Walter Packaging Corp., a provider of custom packaging solutions serving retail, hospitality, food & beverage, and fashion markets.

Weyerhaeuser received approximately $60 million USD upon the sale of the lumber facility, with the remainder of the transaction proceeds to be received in conjunction with the transfer of the timber licenses.

Greif completed the divestiture of its containerboard business to Packaging Corporation of America for $1.8 billion in cash, the companies announced after markets closed Tuesday afternoon.

Sonoco Products Company, a global leader in high-value sustainable packaging, announced it has signed a definitive agreement to sell its ThermoSafe business unit ("ThermoSafe"), which is one of the leading providers of temperature-assured packaging, to Arsenal Capital Partners ("Arsenal"), a leading private equity investment firm that specializes in building market-leading industrial growth and healthcare companies, for a total purchase price of up to $725 million.

Headquartered in St Louis, Missouri, Anchor Packaging has operated as a portfolio company of private equity firm TJC (formerly known as The Jordan Company) since 2019. The packaging company has operations in the states of Arkansas and Wisconsin.

Natural resources minister says existing Crown land leases not part of sales process.

Avery Dennison Corporation, a leading global materials science and digital identification solutions company, announced it has signed a definitive agreement to acquire the U.S.-based flooring adhesives business of Meridian Adhesives Group, a global adhesives manufacturer, for the purchase price of $390 million. The acquisition is subject to certain customary closing and post-closing adjustments.

Bid from Ontario-based Macer Forest Holdings would leave nothing for cleanup costs.

The company has yet to submit a reclamation plan to the Nova Scotia government.

This transaction, which includes over 173,000 acres of timberlands across the Southeastern United States, follows Greif's previously announced intent to divest the business as part of its strategic portfolio optimization. The deal is expected to close shortly before or after the Company's fiscal year end, subject to customary closing conditions.

Bain Capital is evaluating strategic options for Ahlstrom, the Finnish specialty materials manufacturer, including a potential sale or initial public offering that could value the business at up to €8bn, according to a report by Bloomberg citing sources familiar with the matter.

Nova Scotia's minister of natural resources says it's 'not the outcome we had hoped for'

Canfor Corporation announced that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million (1.15 billion Swedish Krona), including working capital of approximately $39 million.

Ahlstrom, a leader in sustainable fiber-based specialty materials, today announces that it has received a binding offer for its Abrasives business unit from Munksjö, a leading international manufacturer of decor paper solutions.

Domtar and Cranberry Business Park Ltd. come to terms over Catalyst Paper Tis'kwat mill site.

International Paper, a global leader in sustainable packaging, today announced the completion of the divestiture of five European plants to PALM Group to satisfy regulatory commitments from its acquisition of DS Smith Plc.

Rayonier Inc. announced the completion of the previously announced sale of entities holding its 77% interest in the New Zealand joint venture to a special purpose vehicle owned by an investment fund managed by The Rohatyn Group ("TRG"), a global asset manager specializing in emerging markets and real assets, for a purchase price of $710 million.<

Packaging Corporation of America on July 1 announced that it has entered into a definitive agreement to purchase the containerboard business of Greif, Inc. for $1.8 billion in cash. The transaction is expected to close by the end of PCA's third quarter, subject to certain customary conditions and regulatory approvals.

The agreement was announced on April 9. All necessary approval and closing procedures and conditions have been satisfied. With four new facilities, Sofidel further strengthens its production footprint in the North American market, which today accounts for 50% of the Group's total revenue.