Mergers & Acquisitions

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.

Interfor and the Simpcw First Nation have completed the first direct transfer of a forest tenure to a B.C. First Nation since the introduction of the provincial government's Bill 22.

Closing of the transaction is expected to take place on 31 December 2021.

Canfor Corporation is announcing that it has entered into an agreement with Millar Western Forest Products Ltd. to acquire the company's solid wood operations and associated tenure for $420 million, including $56 million in working capital.

R.R. Donnelley & Sons Company (RRD) Tuesday said it has agreed to be acquired by affiliates of Chatham Asset Management, LLC, a private investment firm, in an all-cash transaction with a total enterprise value of around $2.3 billion and total equity value of about $897 million. The company said it has terminated its previously announced merger deal with affiliates of Atlas Holdings LLC.

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

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.

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

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.

Sustana is a leading manufacturer of specialty recycled fiber and sustainable packaging and paper products.

Last month, R.R. Donnelley said it agreed to sell itself to private-equity firm Atlas for $8.52 per share in cash.

In October 2021, West Fraser has entered into an agreement to acquire the Angelina Forest Products lumber mill for approximately $300 million, subject to certain post-closing adjustments.

Chatham Asset Management on Monday raised its offer for RR Donnelley & Sons Co to $10.25 per share, hours after the printing company reaffirmed that it was sticking to a merger with investment firm Atlas Holdings.

As part of Georgia-Pacific's commitment to maximizing long-term value for our customers and the company, GP has agreed to sell its chemicals business to Bakelite Synthetics.

Since early summer the community of Park Falls has been hoping for a boost from the state of Wisconsin that would enable the city's shuttered paper mill to hang on, find new owners and reopen.

Interfor announced that it has reached an agreement with an affiliate of Kelso & Company ("Kelso") to acquire 100% of the equity interests of EACOM Timber Corporation ("EACOM").

UFP Industries announced that its affiliate, UFP Global Holdings Ltd., has acquired 70 percent of the equity in Ficus Pax Private Limited (Ficus Pax), a leading producer of industrial packaging in India, for approximately $13.5 million USD.

Paper Excellence B.V. and Domtar Corporation jointly announced that they have received Canadian Competition Act approval for their business combination whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021 (the "Merger").

Domtar will operate as a stand-alone business entity within the Paper Excellence Group, with Domtar's current CEO and management team remaining in place. There are no further changes to operating locations, business plans, or Domtar's employee base at this time.

Interfor and the Simpcw First Nation have completed the first direct transfer of a forest tenure to a B.C. First Nation since the introduction of the provincial government's Bill 22.

Chatham offered to buy Donnelley for $7.50 a share in October, but Atlas Holdings has since offered to buy the company for $8.52 a share.

Clayton, Dubilier & Rice completed the previously announced combination of Fort Dearborn Company and Multi-Color Corporation, creating the world's largest prime label supplier by revenues. Terms of the transaction were not disclosed.

Graphic Packaging announced its intent to acquire AR Packaging Group AB on May 14, 2021.

R.R. Donnelley & Sons Company announced that it has entered into a definitive merger agreement to be acquired by affiliates of Atlas Holdings LLC ("Atlas"), which operates a global family of manufacturing and distribution businesses, in an all-cash transaction with a total enterprise value of approximately $2.1 billion.