Mergers & Acquisitions

Södra is acquiring Ture Johanssons Trävaru AB and AB Tenhults Impregneringsverk. The acquisitions will take effect immediately following approval by the Swedish Competition Authority. This process is expected to take up to six weeks.

Neenah, Inc. announced that it had completed the previously announced agreement to acquire Global Release Liners, S.L., the parent company of Industrias de Transformacion de Andoain, S.A. ("ITASA"), from Magnum Capital and other minority shareholders.

Pinnacle Renewable Energy Inc. obtained a final order from the Supreme Court of British Columbia, Canada, approving the plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Drax Group plc through its wholly-owned subsidiary, Drax Canadian Holdings Inc., will acquire all of the issued and outstanding common shares of the Company for C$11.30 in cash per share.

Pixelle Specialty Solutions LLC announced it has completed two strategic investments that will further strengthen its portfolio and enhance service to new and existing customers. On March 31st, Pixelle acquired the specialty paper business Rollsource from Veritiv Corporation. On April 5th, Pixelle acquired the carbonless rolls and security papers business from Appvion Operations Inc.

Essity is acquiring the distribution rights to the wound care technology Sorbact® in Australia and New Zealand from the Australian company Bayport Brands. In 2020, sales of Sorbact® in the region amounted to AUD 1.7m (approximately SEK 11m).

UFP Industries, Inc. announced that its wholly owned subsidiary Sunbelt Forest Products Corporation closed on its agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg's property, plants and equipment is approximately $16.5 million. Sunbelt also purchased Spartanburg's net working capital for an amount equal to the net book value determined on the date of closing, which totaled approximately $146.5 million.

Sonoco announced it has closed on the sale of its Display and Packaging business in the United States to Hood Container Corporation for $80 million in cash.

Judging from a message sent to at large City Councilor Derek Medved Monday, ST Paper's efforts to purchase Verso Corp.'s shuttered Duluth mill aren't going very well.

International Paper has purchased two state-of-the-art corrugated box plants in Spain, further growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country.

Private equity firm Apollo Global Management Inc. is exploring a sale of textbook publisher and education technology company McGraw-Hill Education that could fetch up to $6 billion, including debt, according to people familiar with the matter.

Glatfelter Corporation announced the antitrust regulatory process has concluded and it may now proceed with the previously announced acquisition of Georgia-Pacific's U.S. nonwovens business for $175 million.

A provision in a bill recently approved by the Minnesota House of Representatives could help breathe new life into the Duluth paper mill, following Verso Corp.'s June decision to shut the mill down.

Multi-Color Corporation, one of the largest label companies in the world, announced the acquisition of Melbourne, Australia-based Herrods, a leading provider of in-mold label (IML) solutions in Australia and New Zealand. Financial terms of the transaction were not disclosed.

UFP Industries, Inc. announced that Handprint, the growing home and décor business unit of UFP Retail Solutions, has signed an agreement to purchase the operating assets of Walnut Hollow Farm, Inc. Pending customary closing conditions, the acquisition is expected to close by the end of April 2021.

Pixelle Specialty Solutions LLC announced it has completed two strategic investments that will further strengthen its portfolio and enhance service to new and existing customers. On March 31st, Pixelle acquired the specialty paper business Rollsource from Veritiv Corporation. On April 5th, Pixelle acquired the carbonless rolls and security papers business from Appvion Operations Inc.

Essity is acquiring the distribution rights to the wound care technology Sorbact® in Australia and New Zealand from the Australian company Bayport Brands. In 2020, sales of Sorbact® in the region amounted to AUD 1.7m (approximately SEK 11m).

The Ponderay Newsprint mill, which had been one of the largest employers in Pend Oreille County before it shut down, could be sold at auction in April, according to court records. A federal bankruptcy judge on March 18 will consider a motion by Trustee John Munding to sell the sprawling property near Usk during an auction April 23.

Scapa Group PLC said Monday that AMS HoldCo 2 Ltd, a subsidiary of paper materials manufacturer Schweitzer-Mauduit International Inc, has upped its offer for the Manchester-based maker of medical devices and industrial adhesives.

Mittera, a national leader in print and digital communication strategies, has announced its acquisition of select business assets of Creel Printing currently operating in Las Vegas, Nevada.

Fort Dearborn Company announced that it has acquired Hammer Packaging Corporation. The combined organization takes advantage of Hammer's state-of-the-art technology to enhance Fort Dearborn's leadership position in the decorative label and packaging marketplace by further expanding the company's geographic footprint, capacity and capabilities.

UFP Industries, Inc. announced that one of its wholly owned subsidiaries, The UBEECO Group, has acquired the assets of J.C. Gilmore Pty Ltd.

Neenah, Inc. announced the signing of a definitive agreement to acquire Global Release Liners, S.L., the parent company of Industrias de Transformacion de Andoain, S.A. ("ITASA"), from Magnum Capital and other minority shareholders for €205 million in cash. Closing is expected to occur in early April and is subject to customary conditions.

Interfor announced that it has completed the previously announced transaction to acquire WestRock Company's sawmill located in Summerville, South Carolina.

Domtar Corporation announced that it completed the previously disclosed sale of its Personal Care business to affiliates of American Industrial Partners for $920 million. This divestiture is a significant milestone in the Company's strategic transformation to become a leading paper, pulp and packaging company.

Mondi Plc, the packaging and paper group, is exploring a potential takeover of British rival DS Smith Plc, according to people familiar with the matter.