Mergers & Acquisitions

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.

US investment company Bain Capital announced as early as last September together with Ahlström Capital, Viknum and Belgrano Inversiones, a EUR 2.1 billion takeover bid for all Ahlstrom-Munksjö shares.

Domtar Corporation announced that it has entered into a definitive agreement to sell its Personal Care business to American Industrial Partners (AIP) for $920 million.

GP reached an agreement to sell the company's nonwovens business to Glatfelter, a leading global supplier of engineered materials, headquartered in Charlotte, North Carolina, for $175 million. The sale must still go through customary closing conditions and regulatory clearances from competition authorities.

A second potential buyer has come forward within the past couple days for the mothballed Ponderay Newsprint Co. mill near Usk.

New York-based Behrens Investment Group has taken ownership of the bankrupt Gorham Paper and Tissue, the company previously owned by Lynn Tilton and her Patriarch Partners investment firm.

International Paper has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International Paper to Mondi Group for approximately €66 million.

Ennis, Inc. announced that one of its wholly owned subsidiaries has entered into a Letter of Intent to acquire the assets and assume some liabilities of Infoseal LLC in Roanoke, Virginia.

Weston Forest, a leading distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, announced it has been acquired by the Watermill Group, a strategy-driven private investment firm.

Avery Dennison announced that it has acquired the business of Ohio-based ACPO Ltd. for the purchase price of $87.6 million, subject to certain post-closing adjustments. ACPO is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees.

Metsä Board, part of Metsä Group, announced on 1 December 2020 that it had signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden to the Swedish forest owners' cooperative (ekonomisk förening) Norra Skog.

UPM and the US-based pulp and paper producer Domtar Paper Company LLC have signed an agreement for UPM to acquire the total annual kraft lignin production of Domtar's Plymouth Mill in North Carolina, USA as of January 2021. This step enables UPM to expand its role in the growing lignin business and different application segments.

Talks to save the mill took a turn for the worse back in late October when Verso said they would suspend the effort to sell the mill due to the current economic climate. That led to outrage from local and state lawmakers.

Novolex®, an industry leader in packaging choice, innovation and sustainability, announced it has acquired the business of B&H Bag Company, a leading manufacturer of paper bags and other products. The B&H business will be a part of the Novolex Duro Bag® business, strengthening Duro's customer service through increased production capacity. The family-owned company has one manufacturing plant, located outside of Houston, Texas.