Mergers & Acquisitions

Boise Cascade has reached an agreement to purchase Humphrey Company, Inc., a two-step distributor of building materials located in Chicopee, Massachusetts, with $145 million in revenue over the last 12 months, according to Boise Cascade.

The sale of a defunct Prince Albert pulp and paper mill from Domtar to the Ontario-based BMI Group has ended plans to re-open the mill and sparked a search for industrial business tenants for the site.

Ennis, Inc. announced that it has acquired the assets of CFC Print & Mail ("CFC"), a wholesale provider of business‑document printing, mailing and commercial print solutions based in Grand Prairie, Texas.

German paper and packaging company Palm Group has taken a 50% interest in Power Packaging, which is based in the Czech Republic.

Clayton Dubilier & Rice is moving forward with a $4.5 billion leveraged loan to facilitate its acquisition of Sealed Air (SEE), as part of a $7.9 billion debt arrangement. This financing, one of the largest recent buyout deals, includes both USD and euro-denominated loans.

The combined company would bring together brands like Huggies and Kleenex with the likes of Band-Aid and Tylenol. It would generate estimated 2025 annual net revenue of roughly $32 billion.

Sonoco said net proceeds will be applied towards repaying existing borrowings.

Essity has entered into an agreement to acquire Edgewell Personal Care's feminine care business, including the brands Carefree, Stayfree and o.b. in North America and Playtex globally. The purchase price for the assets amounts to USD 340m (approximately SEK 3.2bn) on a cash and debt-free basis.

PaperWorks Industries Inc., a leading North American producer of 100% recycled paperboard and folding carton packaging, announces the acquisition of Color Craft Graphic Arts ("Color Craft"). Founded in 1929 and based in Manitowoc, Wisconsin, Color Craft is a producer of packaging for food, beverage, and household goods.

Sealed Air Corporation, a leading global provider of food and protective packaging solutions, announced Nov. 17 that it has entered into a definitive agreement to be acquired by funds affiliated with CD&R, a leading private investment firm with deep experience in the industrial and packaging industries, in an all-cash transaction with an enterprise value of $10.3 billion.

Avery Dennison Corporation, a leading global materials science and digital identification solutions company, announced it has completed the acquisition of the U.S.-based flooring adhesives business of Meridian Adhesives Group, a global adhesives manufacturer, for the purchase price of $390 million.

Södra has reached an agreement to divest its forest holdings in the Baltics to Ingka Investments, the investment arm of Ingka Group (the largest IKEA retailer).

BMI Group specializes in purchasing and redeveloping industrial properties for new purposes.

The acquisition includes Anchor Packaging's four manufacturing facilities in Jonesboro, Marmaduke and Paragould, Arkansas, and Janesville, Wisconsin, and the headquarters office in St. Louis, Missouri. Operated by approximately 1,250 employees, Anchor Packaging and its facilities now become a wholly owned subsidiary of Georgia-Pacific in the acquisition.

Weyerhaeuser Company reports it completed two timberland acquisitions valued at $459 million and advanced three divestitures of non-core properties totaling $410 million in expected proceeds. The company confirms the third divestiture will close in early 2026 and expects the total cash inflow from all sales to exceed the funds spent on the acquisitions.

On 27 August 2025, Spinnova Plc announced that it had signed binding agreements to acquire all shares of Woodspin Oy and Suzano Finland Oy from Suzano S.A. and take full ownership of the businesses. The transaction was subject to certain customary closing conditions which have now been fulfilled. The transaction was completed on 3 October 2025.

Cascades Inc. announces that it has reached an agreement to sell its Flexible Packaging plant activities to Five Star Holding ("Five Star") based in Houston, Texas. The $31 million transaction is effective immediately. Cascades' will retain ownership of the site real estate.

Pixelle is putting all $5.5 million it made from the sale into an account for local unions and workers who lost their jobs. $1 million will be distributed right away, with the rest coming after certain conditions are met.

The combined company will operate under a new name, to be announced prior to closing.

Veritiv Operating Company, a leader in specialty packaging distribution, facility solutions and print products and solutions, announced that it has acquired Packaging Solutions which supplies custom packaging products and services throughout Southern California.

ProAmpac, a global leader in flexible packaging and material science, has acquired the bag converting operations of International Paper ("IP"), a global leader in sustainable packaging. The acquisition expands ProAmpac's converting capabilities, further advancing the company's Fiberization of Packaging® strategy and enhancing its ability to deliver customized bag solutions for the grocery, convenience store, and quick-service restaurant markets.

Södra has reached an agreement to divest its forest holdings in the Baltics to Ingka Investments, the investment arm of Ingka Group (the largest IKEA retailer).

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.