Mergers & Acquisitions

RBC Capital Markets analyst Paul Quinn has suggested that B.C.'s Big 3 could become the Big 2, with Canfor buying Interfor.

International Paper has acquired Berkley International's Molded Fiber (pulp) manufacturing division, Berkley MF LLC, for an undisclosed purchase price. Calabasas Capital served as exclusive financial advisor to Berkley.

Weyerhaeuser Company announced an agreement to purchase 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for approximately $149 million. The acquisition is comprised of highly productive timberlands situated in southwest Alabama, approximately 100 miles north of Mobile.

UFP Industries, Inc. announced that one of its wholly owned subsidiaries, Sunbelt Forest Products Corporation, signed an 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 $17 million.

A key investor in Greater Manchester industrial tapes and wound care group Scapa has called on its directors to strike a better deal with its US suitor.

Mill Rock Capital, a growth and operations oriented private investment firm, announced today that its portfolio company Mill Rock Packaging Partners LLC ("Mill Rock Packaging") has acquired All Packaging Company ("All Packaging"), a leading specialty paper packaging company focused on various consumer end markets.

Commercial Development Company, Inc. (CDC) announced the acquisition of a 162-acre retired lumber mill property in Coos Bay, Oregon. The site was acquired by CDC affiliate Coos Bay LLC and purchased from Georgia-Pacific West, LLC. The transaction includes the acquisition of real estate, machinery & equipment, and assumption of environmental liabilities. CDC affiliate Environmental Liability Transfer, Inc. facilitated the transfer of environmental liabilities.

The speculation comes as the company is set to close the sale of its personal care business this quarter and after the company announced last month that CEO John Williams would be taking temporary leave after contracting Covid.

Further to the announcement on December 10, 2020, hygiene and health company Essity has now entered an agreement with hygiene company Asaleo Care to acquire the remaining 63.8% of the shares in the company for AUD 1.40 cash per share. Asaleo Care is listed on the Australian Securities Exchange and Essity is the largest shareholder, currently holding 36.2% of the shares.

International Paper has entered into an agreement to sell the Kwidzyn pulp and paper mill and supporting operations to Mayr-Melnhof Karton AG for €670 million (approximately $812 million) in cash, subject to closing adjustments for net debt and net working capital.

Interfor Corporation announced that it has reached an agreement with WestRock Company to acquire its sawmill located in Summerville, South Carolina (the "Summerville Mill") for cash consideration of US$59 million.

Pinnacle Renewable Energy Inc. has entered into an arrangement agreement with Drax Group plc and its wholly-owned subsidiary, Drax Canadian Holdings Inc., pursuant to which Drax will acquire all of the issued and outstanding common shares of Pinnacle in an all-cash transaction valued at C$831 million, including the assumption of net debt and Pinnacle's non-controlling interests in its joint ventures.

A cooperative formed after the closure of Verso's paper mill has toured the facility and filed a letter of intent to purchase the Wisconsin Rapids mill, State Rep. Scott Krug, R-Nekoosa, told the Wisconsin Rapids Together Task Force.

Avery Dennison said it has agreed to acquire JDC Solutions, Inc., a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee, for the purchase price of $24 million.

Ox Industries has acquired Corex US, LLC. The Corex facility, located in Stevens Point, Wisconsin is a manufacturer of spiral wound tubes and cores customized for any application. This facility adds high strength paper core production technology for plastic film and paper mills to the Ox converted product line.

Pixelle Specialty Solutions LLC, a leading manufacturer of specialty papers in North America, has signed a definitive agreement to acquire the carbonless rolls and security papers business of Appvion Operations, Inc.

West Fraser has also received clearance from the New York Stock Exchange ("NYSE") for the listing of the West Fraser Shares subject to satisfaction of customary listing conditions.

According to a report by WCBC News, it has been confirmed through a number of sources that a firm is close to finalizing an agreement to purchase the Luke Mill and its woodyard. The firm, known as Whiskey River, would establish a lumber related business at the mill, which was shuttered by Verso Corporation in May of 2019.

Schweitzer-Mauduit International Inc (SWM) said it has reached agreement to buy Manchester-based wound care Scapa Group in a £403m deal.

Central National Gottesman Inc. (CNG) announced that its Lindenmeyr Munroe division has agreed to acquire Maine Shipping and Packaging Supply, expanding its presence in the Maine market.

Atlas Engineered Products Ltd. ("AEP") has reached an agreement with ZyTech Building Systems LP to acquire the bulk of ZyTech's manufacturing assets from its former Langley location in the Lower Mainland of British Columbia, Canada.

Rengo Co., Ltd announced that its joint venture in Thailand, Thai Containers Group Co., Ltd., (TCG) has acquired 94.11% of the shares in Bien Hoa Packaging Joint Stock Company, a corrugated packaging and folding carton manufacturer located near Ho Chi Minh, Vietnam, through TCG Solutions Pte. Ltd, TCG's subsidiary.

AR Packaging broadens its offering to the UK food and healthcare customers by adding local folding carton production through the acquisition of Firstan Holdings Ltd, including its subsidiary Firstan Limited. This strategic move makes the Group a key multi-category provider of folding cartons, flexibles and fibre-based containers in the UK.

West Fraser Timber Co. Ltd. and Norbord Inc. have completed the previously announced transaction, whereby West Fraser has acquired all of the issued and outstanding common shares of Norbord.

Sappi Maastricht and the Belvédère Wijkontwikkelingsmaatschappij (Neighborhood Development Company, WOM) of the Municipality of Maastricht, the Netherlands, have signed an agreement that will finalize the sale of the southwestern part of the Maastricht paper mill site to the WOM.