Mergers & Acquisitions

Ostrest GmbH to assume ownership effective August 15, 2023 with site to remain fully operational.

Ahlstrom has entered into an agreement to divest its Stenay plant in France to Accursia Capital, following the announcement of Accursia Capital's binding offer in July. The divestment was confirmed after receiving endorsement from the site's employee representatives. The transaction is expected to be completed by the end of September.

Shareholders to Receive $170 Per Share in Cash

First Quality Enterprises, LLC announced the successful closing of its previously announced acquisition of Domtar Corporations' pulp mill located in Dryden, Ontario, Canada. The Dryden Mill produces high quality Northern Bleached Softwood Kraft pulp for customers in North America.

The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and will support strategic priorities of increasing integration rates and expanding customers and categories.

DS Smith, a leading sustainable packaging provider, announced it has entered into an agreement to acquire Bosis doo, a high-quality packaging company in Serbia.

Headquartered in Toronto, Canada, Hanna processes 300,000 tons of paper annually through its eight recovery facilities across North America. The company employs approximately 200 employees and services over 1,000 customers.

UPM Biochemicals has acquired SunCoal Industries GmbH, a German-based company that developed a unique technology portfolio to produce performance products from renewable raw materials.

Resolute Forest Products Inc., a subsidiary of Domtar Corporation and a part of the Paper Excellence Group, today announced that, on August 1, 2023, it completed the previously disclosed sale of the Thunder Bay (Ontario) pulp and paper mill to an affiliate of Atlas Holdings, pursuant to the terms of the asset purchase agreement dated May 26, 2023.

Company intends to use net sale proceeds of approximately $575 million to reduce debt.

Hood Container Corporation has acquired the corrugated packaging business of Dalton, Georgia based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton. Hood will continue operating these assets in the current facility.

After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay plant. The potential acquisition is subject to consultation with employee representatives.

The hygiene and health company Essity has completed the divestment of its operations in Russia for a purchase price of approximately SEK 1.2bn on a cash and debt-free basis. Essity has thus exited Russia.

These two plants have a revenue of Euro 105 million in 2022, and provide direct employment to 247 people.

Transaction Represents 67th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

Mondi plc (Mondi), a global leader in the production of sustainable packaging and paper, has agreed to acquire the 250,000 tonne per annum Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million.

Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc ("Mondi") confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this disposal into its Austrian bank account.

UPM has signed an agreement on the sale of the recovered paper sorting plant ASK Kinsau in Germany to the Fisel Holding GmbH & Co. KG, a recovered logistics and municipal waste disposal company.

Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. The transaction is expected to be completed during August 2023.

PaperWorks Industries Inc. has completed the acquisition of The Standard Group. Founded in 1932, The Standard Group is a converter of custom printed paperboard packaging with a manufacturing location in Louisville, Kentucky.

Stora Enso intends to divest its wood products DIY (Do It Yourself) unit in Amsterdam, the Netherlands to Megahout, backed by the private equity company Quadrum Capital. Closing is expected in Q3 2023, subject to regulatory approvals and consultation with employee representatives.

Another forest products company has entered into an agreement to purchase the plant in a transaction that is expected to close later this year, RFP said Friday in a news release.

The acquisition will expand plant operations, manufacturing capabilities, and increase market share for Mercer Mass Timber and parent company, Mercer International.

Essity began work in April 2022 to exit the Russian market and in 2022 an impairment was carried out of the company's assets in Russia of approximately SEK 1.7bn.

The agreed price for the company is US$40 million.