Mergers & Acquisitions

Brazilian state development bank BNDES has hired JPMorgan Chase & Co to manage a share offering to sell its 11% stake in pulpmaker Suzano SA, two sources familiar with the matter said.

Kimberly-Clark Corporation announced that it has entered into a definitive agreement to acquire Softex Indonesia, a leader in the fast-growing Indonesian personal care market, in an all-cash transaction for approximately $1.2 billion from a group of shareholders including CVC Capital Partners Asia Pacific IV.

The company is purchasing approximately 85,000 acres of timberlands in mid-coastal Oregon in one transaction, and selling 149,000 acres of timberlands in southern Oregon in a second transaction. The net cost of these two separate transactions is approximately $40 million in cash.

Further to Canfor Corporation's announcement on June 17, 2020, its 70%- owned subsidiary, Vida Group, has completed the purchase of three sawmills located in Sweden from Bergs Timber.

Acorn Pulp Group has agreed to purchase a new state of the art molded fiber manufacturing machine from Southern Moulded Pulp and Moulded Fibre Technologies.

The Austrian binderholz Group purchased all assets of Klausner Lumber One LLC, based in Live Oak, Suwannee County, Florida, in the auction held on Friday, August 21, 2020. At the auction binderholz was able to prevail over Mercer Inc. and Mayr Melnhof Holz and was awarded the contract at $61 million. The transaction is expected to close at the beginning of October 2020.

The Kalispel Tribe of Indians has officially submitted a bid to purchase the shuttered Ponderay Newsprint Co. in Usk, which ceased operations in June and eliminated about 130 jobs.

Mill Rock Capital, a growth and operations oriented private investment firm, announced today that it has created a new platform, Mill Rock Packaging Partners LLC ("Mill Rock Packaging Partners"), to invest in growth oriented companies with advanced service and product capabilities in the specialty packaging industry.

Lancaster, Pa.-based Intellicor Communications purchased the assets of the former Cadmus operations in Lancaster, Pa., and in Hurlock, Md., from Cenveo Worldwide on Aug. 8 -- effectively marking the final chapter for the storied Cadmus Communications name in the printing industry.

Verso says it has entered into an equipment purchase agreement with Halkali Kagit Karton Sanayi ve Tic. A.S., a company organized under the laws of Turkey, whereby Verso agreed to sell, and the purchaser agreed to purchase, certain equipment at Verso's Luke Mill, primarily including two paper machines.

Per the agreement, the Partnership will purchase approximately 17.4 million partnership units from International Paper for $250 million. As a result, Graphic Packaging's ownership interest in the Partnership will increase from approximately 81.1% to 85.5%.

Sonoco announced it has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for total consideration of €41.7 million, or approximately $49 million.

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.