Mergers & Acquisitions

Mercer International has offered a $26 million stalking horse bid for bankrupt lumber producer Klausner Lumber One LLC's assets up for sale in an upcoming bankruptcy auction.

Enviva Partners, LP announced the completion of its previously announced acquisition of a world-class, industrial scale wood pellet production plant in Waycross, Georgia, and associated contracted terminal capacity in Savannah, Georgia.

O-I Glass, Inc. announced it completed the sale of its Australia and New Zealand (ANZ) business unit to Visy Industries.

Central National Gottesman Inc. (CNG), which owns sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products and metals industries, announced that its Kelly/Spicers division has acquired Northern California-based American Packaging, further expanding its packaging business throughout the Western U.S.

Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt.

Brazilian pulpmaker Klabin SA said on Wednesday it is planning a 367 million-real ($70.98 million) share offering in favor of Sogemar - Sociedade Geral de Marcas Ltda - shareholders to incorporate the company to its business.

Atlas Engineered Products ("AEP") has completed the acquisition of selected assets of Trusstem Industries Inc., marking a major milestone in AEP's plans for expansion into the Lower Mainland region of British Columbia, Canada.

Holmen signed an agreement to acquire Martinsons, one of Sweden's leading players in sawn and processed wood products.

O-I Glass Inc. (OI) said it has agreed to sell its Australia and New Zealand business unit to Visy Industries.

UFP Industries announced that one of its affiliates acquired the operating assets of T&R Lumber Company and its affiliates, Sullivan & Mann and Kelmar Creations.

Sussex-based Quad/Graphics Inc. has sold its Versailles, Kentucky book manufacturing plant to Minnesota-based CJK Group Inc.

Enviva Partners, LP (the Partnership) has completed the acquisition from its sponsor of Enviva Pellets Greenwood Holdings II, LLC, which, through its wholly owned subsidiaries, owns a wood pellet production plant in Greenwood, South Carolina.

Atlas Engineered Products has entered into an asset purchase agreement to acquire selected assets of a local truss manufacturer as the company expands its geographical footprint into the Lower Mainland region of British Columbia, the company said in a statement.

Canfor Corporation announced that its 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for a purchase price of CAD$43 million plus working capital.

PotlatchDeltic Corporation announced an agreement to sell approximately 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million in cash. The transaction is subject to customary closing conditions and is expected to close in the second half of 2020.

Enviva Partners, LP announced that it has agreed to purchase a wood pellet production plant in Waycross, Georgia with associated export terminal capacity in Savannah, Georgia (the "Georgia Biomass Acquisition") from innogy SE and also has agreed to purchase the wood pellet production plant in Greenwood, South Carolina owned by our sponsor (the "Greenwood Acquisition" and, together, the "Acquisitions").

Welch Packaging, a multi-site family-owned business concentrated in the Midwest, has acquired Excel Display and Packaging, a supplier of retail packaging, displays, and food packaging along with digital print capabilities located in Aurora, Illinois.

The Verso Corp., owner of the Luke Paper Mill, said no offers have been tendered on the property and it is preparing the site for sale to third parties for alternative uses.

Canfor Corporation, further to its announcement on November 9, 2018, completed the purchase of Elliott Sawmilling Company Inc. on May 31, 2020.

HZRX also focus on utilization of block chain technologies to provide solutions of privacy, encryption, and security in the health care industry.

Rayonier Inc. announced the completion of its previously announced acquisition of Pope Resources, A Delaware Limited Partnership. Unitholders of Pope Resources approved the transaction at a special meeting of unitholders held on May 5, 2020.

McGraw-Hill and Cengage announced that they have mutually agreed to terminate their proposed merger of equals, which had been announced in May 2019. The decision was unanimously approved by the Boards of Directors of McGraw-Hill and Cengage. The Termination Agreement foresees no payment of a break fee on either side.

Six Democratic senators have urged the U.S. Justice Department to take a hard look at what they called a "problematic" merger of the No. 2 and No. 3 largest textbook companies, Cengage and McGraw-Hill.

San Group has purchased another mill in Port Alberni, Canada. The Surrey-based forestry group bought the former Chalwood Forest Products mill on Hector Road, and is already operating while they clean up the site.

Domtar Corporation announced it has completed its purchase of the Point of Sale (POS) paper business from Appvion Operations, Inc.