Mergers & Acquisitions

In May, Pactiv Evergreen agreed to exclusively negotiate with Spirtas Worldwide, a company specializing in repurposing closed paper mills and other industrial sites. While it was estimated negotiations could take up to a year, it appears the details were worked out in four months.

Rengo Co., Ltd. announces that its consolidated subsidiary, Tri-Wall Limited, has acquired a 25% equity interest in Concept Packaging Group LLC, through Tri-Wall's wholly owned subsidiary.

Novolex purchases longtime supplier of twisted-paper handles to integrate into Duro Bag operations.

Veritiv, a leader in specialty packaging distribution, announced it has entered into a binding agreement with Orora to acquire the North American packaging and distribution business Orora Packaging Solutions (OPS). This strategic acquisition will further position Veritiv as a leading provider of value-added products and solutions in specialty packaging distribution in North America.

Canfor Corporation announced the completion of the subdivision and sale of its Forest License in the Mackenzie Timber Supply Area (TSA) equally to the McLeod Lake Indian Band and the Tsay Keh Dene Nation.

The purchase represents efforts to reclaim stewardship over their traditional territories.

International Paper announced that it has filed with the U.S. Securities and Exchange Commission (the "SEC") a definitive proxy statement on Schedule 14A (including any amendments and supplements thereto, the "Definitive Proxy Statement") in connection with its pending acquisition of DS Smith Plc (LSE: DSS, "DS Smith") (the "Combination").

As indicated in its September 4 announcement of the closure of the Plateau and Fort St. John operations, Canfor Corporation remains committed to exploring opportunities to divest some of its northern BC tenure to support other BC manufacturers who are facing similar challenges accessing economic fibre to support their operations.

If it pans out, it could eventually lead to 600 or more direct jobs in the region, he says.

The Magnera board of directors ("Magnera Board") will consist of nine directors, with five directors designated by Berry, three directors designated by Glatfelter, and the Chief Executive Officer.

Iconex Labels is a leading provider of variable information label solutions, serving customers across e-commerce & shipping, foodservice, grocery & retail, pharmacy, and other end markets.

Everett's packaging and laminating facility houses state-of-the-art assets, including a Bobst Masterflute, coupled with Bobst large format die cutting and gluing.

Shares held by B&C Group were acquired for EUR 230 million.

Shibata Cardboard is a corrugated box manufacturer established in 1962, and has built a customer base rooted in the local community in Toyohashi-shi, Aichi Prefecture, Japan.

Berry Global Group, Inc. and Glatfelter Corporation announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced 'Mag-nair-uh'), a global leader in the specialty materials industry.

Greif, Inc., a global leader in industrial packaging products and services, announced it has sold Delta Petroleum Company, Inc. ("Delta"), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries.

The transaction is valued at US$110 million and includes two mills in Pine Bluff, Arkansas, and Waynesville, North Carolina, that manufacture liquid packaging board and cupstock.

Clearwater Paper Corporation, a premier supplier of quality consumer tissue and bleached paperboard, today announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A., a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net working capital.

Brazil's Suzano, the world's largest pulpmaker, is looking to expand its paper footprint internationally while continuing to increase production at home, the company's chief financial officer said.

With a capacity production of 440.000 tonnes of paper and 535 million square meters of corrugated board packaging, Schumacher Packaging employs 1,540 people in Poland. The turnover of the Polish sites was 327 million euros in 2023 (aggregated sales).

Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets.

The transaction includes an annual production capacity of 340,000 metric tons distributed across four production sites in Shelby, North Carolina, Lewiston, Idaho, Las Vegas, Nevada, and Elwood, Illinois. The completion of the acquisition is expected within 2024, subject to receipt of customary regulatory approvals and satisfaction of other customary closing conditions.

One of the largest timberland transactions to date in Brazil, and the largest ever in the state of Mato Grosso do Sul.

Canfor Corporation is pleased to announce the completion of the acquisition from Arkansas Resolute El Dorado Inc., of its lumber manufacturing facility in Union County, Arkansas. The transaction, previously announced on May 1, 2024, is a strategic complement to the Company's existing regional operations, including its adjacent El Dorado Laminating Plant and its nearby Urbana sawmill.

Ansell Limited, a global leader in protection solutions, announced it had successfully completed the acquisition of Kimberly-Clark's Personal Protective Equipment (KCPPE) business.