Major Announcements

Canadian billionaire Jim Pattison, whose conglomerate owns businesses including supermarkets, fisheries and billboards, offered to take lumber producer Canfor Corp. private for about C$981.6 million ($742 million). The stock surged in response.

Kimberly-Clark will hire about 120 machine operators and 10 maintenance electricians and mechanics by the end of 2020 at its Neenah Cold Spring Facility.

The current lease expires in 2028, meaning the mill that employs about 450 people near the Canadian Museum of History is now able to operate until 2053.

Pregis LLC, a leading protective packaging materials and automated systems manufacturer, has joined the Amazon Packaging Support and Supplier (APASS) network.

The new owner of the Old Town pulp mill has hired 130 workers and expects the reopened facility will begin producing pulp by August, a major turnaround for a plant that shed nearly 200 jobs when it closed in 2015.

LSC Communications Inc and Quad/Graphics have terminated their $1.4 billion merger, a month after the U.S. Justice Department filed a lawsuit to block the deal, the companies said.

The Town of Fort Frances wishes to confirm for all of its citizens, stakeholders, and regional partners that the properties comprising the pulp and paper mill in Fort Frances have been sold by Resolute Forest Products.

Sonoco announced its Board of Directors has approved the termination of the Sonoco U.S. Pension Plan for Inactive Participants effective September 30, 2019.

The investment decision of the bioproduct mill is made earliest at the summer 2020, after which the construction of the new mill would begin. The new bioproduct mill could start up in the first half of the 2020s.

Orora announced that after more than 10 years leading the Orora business Nigel Garrard has decided to retire from the position of Managing Director and Chief Executive Officer.

The Company does not endorse TRC Capital's mini-tender offer and recommends that stockholders do not tender their shares in response to the offer.

From now on Michael Liche will lead the companies located in Wismar and Landsberg am Lech.

In court on Monday, July 1, Price County Judge Kevin Klein approved an agreement between Flambeau River Papers and CellMark Paper Inc., as well as a request for the mill to pursue financing in the amount of $2 million.

A reception was recently held at Georgia-Pacific's Brewton mill to honor Glen Freeman and his 60 years of service to the facility. Freeman's first day at the mill was June 24, 1959

Vancouver-based Columbia Ventures Corporation has acquired the assets of the shuttered paper mill in West Linn, Ore., entered into a five-year lease to rent the property, and plans to restart operations.

Verso Corporation announced that its Board of Directors, had in late March of 2019, reengaged Houlihan Lokey Capital, Inc. as the company's financial advisor to assist Verso in identifying and evaluating a range of potential strategic alternatives, including a possible merger, joint venture, partnership, business combination, stock repurchase, recapitalization, sale, distribution, transfer or other disposition or acquisition of assets or equity interests, while the Company conducts its search to identify and retain a permanent chief executive officer.

Louisiana Pacific will indefinitely shut down operations at the Peace Valley OSB mill in Fort St. John.

Norske Skog AS, one of the leading global publication paper producers, announces today that it has initiated a process to consider an initial public offering ("IPO") and listing of its shares on Oslo Børs (Oslo Stock Exchange). Norske Skog AS is currently owned by funds managed by Oceanwood Capital Management Limited.

The curtailments are scheduled to run from June 17 through July 26.

Earlier this year (March 1, 2019), we shared with you the news that Ken Winterhalter had been named the new Chief Executive Officer of Twin Rivers, and that I (Bob Snyder) would be moving into a full-time role as Chairman of the Twin Rivers Board of Managers.

The decision on the investment of 65,000 cubic metre Kerto LVL line was made in December 2017.

On Wednesday, May 29, 2019, at 12:45 a.m., Phoenix Paper Wickliffe, LLC, successfully restarted operations of the Wickliffe, Kentucky paper mill.

Stora Enso will invest 350 million euros ($391 million) at its Oulu mill to boost output of kraftliner board used in packaging and reduce glossy magazine paper production, the company said.

Essity said it will build a test plant in Germany to produce pulp from wheat straw and other plant-based agricultural by-products to reduce its dependence on wood based pulp.

CorrVentures LLC, a private development firm specializing in strategic project development in the pulp and paper and corrugated packaging markets, announced its intention to build and operate a 300,000 ton-per-year 100 percent recycled lightweight containerboard mill located on a 102 acre site about 9 miles south of Albany, New York.