Recent Articles

The recent ransomware attack on WestRock should be a call to action for manufacturers to tighten their security.

Reported insider trading since the last issue of PaperMoney.

IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, announced it is applying the license for its new single-use surgical masks from local food and drug administration in Hebei province amid strong market demands.

The 160,000 square-foot facility will serve approximately 900 customers from the Building Materials Distribution's (BMD) Houston Distribution Center. 

The financing will support the conversion of a former pulp and paper mill in the Finnish city of Oulu, from production of wood-free coated printing paper, into packaging board manufacturing mainly for the food and beverage sector.

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.

After 25 months of construction and installation of the Musketeers mill project, Grupo Gondi's 7th paper machine has produced its first paper reel.

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.

No one was hurt after a fire erupted Monday morning, Jan. 4, 2021, in one of the paper machines at Paper Excellence Canada in Port Alberni.

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.

The United Steelworkers (USW) said that the union is saddened by the news that former United Paperworkers International Union President Wayne E. Glenn passed away on January 3, 2021.

Wilson succeeds Marty Barfield, who passed away on Dec. 31 after a long illness.

The Nomination Committee of BillerudKorsnäs has decided to propose that Jan Svensson shall be elected as Chairman of the Board of BillerudKorsnäs, at the Annual General Meeting that will be held on 5 May 2021.

Södra has appointed Casper Danielsson as the new press officer. He is responsible for Södra's proactive, ongoing and reactive press work nationally and internationally.

Ben Crim, Vice President of Engineering & Environmental Management for Hood Industries, is set to retire at the end of this month after a 30-year career with the wood products manufacturer and distributor.

Conifex Timber Inc. announced that Jordan Neeser, its CFO, has resigned effective March 16, 2021 to pursue other opportunities. Conifex plans to provide an update on the appointment of a new CFO in conjunction with the release of its 4Q 2020 results scheduled for March 2, 2021.

Amcor plc announced that Ms. Susan Carter has been appointed as a non-executive director and a member of the Board's audit committee with effect from January 1, 2021.

Rayonier Advanced Materials Inc. announced changes to the management structure in its High Purity Cellulose segment and Pulp business. Dr. Christoph Koenig will assume responsibility for all High Purity Cellulose sales, while Tomas Fernandez will assume responsibility for marketing and customer service, sustainability, high yield pulp and lignin sales, research and development, and other strategic growth initiatives.

Conifex Timber Inc. provided an update to the resumption of operations at its power plant in Mackenzie, British Columbia, Canada. Conifex is working with its engineers and external power consultants on available options to resume operations at the power plant.

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.