Mergers & Acquisitions

The selling price amounts to approx. Euro 134 million.

The cash and debt free consideration value is €370 million.

Stora Enso has initiated a sales process for a possible divestment of its consumer board production site in Beihai, China.

Greif, Inc., a global leader in industrial packaging products and services, announced that it has completed its previously announced acquisition of Lee Container Corporation, Inc.

Mondi said there was no certainty as to when the deal would be completed given the political and regulatory backdrop.

UPM has agreed to sell the Renforsin Ranta business park in Kajaani to Kansallisholding Oy. The site will be operated by Redeve Oy, the parent company of Kansallisholding, specialising in the ownership and development of industrial real estate.

Prinzhorn Group, having a strategic long term interest in Italy, has made a proposal to acquire corrugated packaging plant Scatolificio La Veggia S.p.A. ("SLV"), Roteglia, which is part of the La Veggia Group of companies in the course of a restructuring process under Italian law.

UFP Industries announced that its affiliate, UFP Packaging, LLC, has acquired Titan Corrugated, Inc., a manufacturer of corrugated packaging products, and its affiliate All Boxed Up, LLC, a corrugated box distributor. The combined companies had trailing 12-month sales through October 2022 of approximately $46.5 million.

Twin Rivers Paper Company has reached a definitive agreement to sell its softwood lumber mill in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products leader Groupe Lebel.

The acquisition of Grupo Gondi includes four paper mills, nine corrugated packaging plants and six high graphic plants throughout Mexico that produce sustainable packaging for a wide range of end markets in the region.

Sappi North America, Inc., a leading producer and supplier of diversified paper, packaging products and pulp, announced that it has completed the sale its hydroelectric assets on the Presumpscot River in Maine to Dichotomy Power LLC.

Dunn Paper ("Dunn") a leading manufacturer and supplier of high performance, advanced paper and tissue products for use in food, medical, and specialty markets announced today that its first lien secured lenders have acquired select assets of the company as part of a recapitalization of the business. Pursuant to this transaction, the company's name has been changed and will operate as BiOrigin Specialty Products ("BSP" or the "Company").

Smurfit Kappa has signed an agreement to acquire Pusa Pack S.L., a bag-in-box packaging plant located in Onda, Spain. Pusa Pack will be integrated into Smurfit Kappa's Bag-in-Box operations in Spain.

Ennis, Inc. announced its acquisition of School Photo Marketing in Morganville, New Jersey. School Photo Marketing provides printing, yearbook publishing and marketing-related services to over 1,400 school and sports photographers servicing schools around the country.

Interfor announced that it has completed the previously announced transaction to acquire 100% of the equity interests in the entities comprising Chaleur Forest Products ("Chaleur") in New Brunswick, Canada from an affiliate of the Kilmer Group.

Closure of the transaction is still ongoing and expected to be finalised at the beginning of 2023.

WestRock Company announced it has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging, LLC, to joint venture partner Sonoco Products Company for $330 million, subject to customary price adjustments. In addition, the Company has signed a definitive agreement to sell its uncoated recycled paperboard (URB) mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million.

Greif, Inc. announced it has entered into a definitive agreement to acquire Lee Container Corporation, Inc. ("Lee Container" or "Lee"), an industry-leading manufacturer of high-performance barrier and conventional blow molded containers, for a purchase price of $300 million before taking into consideration tax benefits with an estimated net present value of approximately $30 million.

Appvion, a Wynnchurch Capital, L.P. ("Wynnchurch") portfolio company, announced the addition of Nekoosa Coated Products, LLC ("Nekoosa" or the "Company") to the platform. Headquartered in Nekoosa, Wisconsin, Nekoosa is a leading provider of specialty engineered materials for the graphics and commercial print markets in North America and Europe.

Rayonier Inc. announced that the company has entered into two separate agreements to acquire approximately 172,400 acres of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana for an aggregate purchase price of approximately $474 million from Manulife Investment Management, a leading timberland investment manager.

Resolute currently expects to complete the merger in the first half of 2023, subject to receipt of regulatory approvals and the satisfaction or waiver of the other conditions to the closing of the merger.

Sealed Air Corp said it would acquire peer Liquibox for $1.15 billion, as the packaging firm aims to boost its presence in the quick service restaurants and liquid packaging segments.

The Paper Excellence Group and Resolute Forest Products Inc. announced their intention to sell Resolute's Thunder Bay pulp and paper mill to further facilitate the regulatory review process.

The deadline for selling a historic Aberdeen paper mill, which went into administration with the loss of more than 300 jobs, has passed.

The main asset included in the Transaction consists on a tissue production plant, located in the municipality of Mogi das Cruzes, in the State of São Paulo, with an annual production capacity of approximately 130 thousand tons.