Recent Articles

Oregon-based Total Fiber Recovery LLC will invest $49 million to establish its first pulp recycling facility in Chesapeake, creating 68 jobs, Gov. Ralph Northam says.

Neenah, Inc. announced the signing of a definitive agreement to acquire Vectorply Corporation, a portfolio company of MSouth Equity Partners, for $155 million in cash. Closing is expected to occur on April 1, and is subject to customary conditions.

DS Smith announced the opening of its first recycling facility in the United States, the company's latest expansion of its business operations in North America.

Weyerhaeuser has temporarily closed its Seattle headquarters, the company said Tuesday, as the number of COVID-19 deaths in Washington state rose to nine.

R.R. Donnelley & Sons Company announced that RRD has sent a letter to Chatham Asset Management, LLC in response to Chatham's February 28, 2020 letter to RRD's Board Chair and President and Chief Executive Officer.

Avery Dennison Corporation announced it completed the acquisition of Smartrac's Transponder business, for the purchase price of €225 million, subject to customary adjustments.

Ahlstrom-Munksjö has completed the sale of its fine art paper business ARCHES® to Italian based F.I.L.A. Group, Fabbrica Italiana Lapis ed Affini S.p.A., at a debt and cash free price of EUR 43.6 million.

In 2018, UPM announced the conversion of Paper Machine 2 in Nordland, Germany, from fine paper to specialty grades. The conversion is currently ramping-up.

R.R. Donnelley & Sons Company announced the sale of its Courier Services business to TFI International Inc., a North American leader in the transportation and logistics industry, for an undisclosed amount. Courier Services, previously part of RRD's Logistics business, leverages a national network to provide streamlined courier services for clients.

The Rights Agreement is designed to ensure that all LSC stockholders receive fair and equal treatment in the event of any proposed takeover of the Company and to guard against tactics to gain control of LSC without paying all stockholders a premium for that control.

Stora Enso is offering a possibility to follow its Annual General Meeting (AGM) via webcast as a precautionary measure to decrease any risk of infection of the new COVID-19 coronavirus.

Verso Corporation on March 11 announced that Michael A. Weinhold has resigned as President of Verso, effective March 10, 2020.

Rayonier Advanced Materials Inc. announced that the Company's Board of Directors will nominate and appoint two new independent directors to the Board.

Australia's richest man is in late stage talks to buy bottle maker Owens-Illinois' Australian and New Zealand business for about $1 billion.

LSC Communications reported fourth quarter 2019 earnings on March 2, with more poor results and news that they are on temporary life support with lenders for the next few months while management tries to restructure their debt and find a way to continue operations.

Domtar Corporation has named Kurt Mehlberg mill manager of Domtar's Nekoosa paper mill.

Christoph Zeiler has been appointed Metsä Group's SVP Corporate Affairs, Germany. He is responsible for corporate affairs in Germany and is Metsä Group's key contact to German decision makers in the European Union.

Tali Nelson has joined the Sales and Marketing team of Monadnock Paper Mills, Inc. as a Senior Sales Representative. She is a proven business development professional with over 20 years of experience in paper, packaging and printing.

Paperitalo Publications is here to help. We will continue reporting the news. Later this week, we will be conducting a more in-depth survey.

The PM40 closed Friday, 13 March 2020, at 2322.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 13 March 2020 down 33.1% from the 15 March 2019 level.

In this issue of Disconnected Comparisons, we evaluate International Paper and Sonoco.

As consumers have been panic buying toilet paper, shelves at some local supermarkets and drugstores are bare. But how does a manufacturer respond to coronavirus-sparked shortages of this inexpensive commodity?

It has been one of the enduring images of the COVID-19 pandemic: empty toilet paper shelves in stores around the world as fearful citizens stockpile staples for long home stays. But the head of Canada's largest producer of toilet tissue says that despite a jump in demand, there's no shortage of product in Canada.

Graphic Packaging International announced the launch of a new line of PaperSeal™ trays, offering brands and retailers the opportunity to replace Modified Atmosphere (MAP) and Vacuum Skin Packaging (VSP) plastic trays with a new barrier-lined paperboard alternative.