Mergers & Acquisitions

Canfor Corp. said it plans to sell its forestry and mill assets in Mackenzie for $70 million.

Upon completion of the transaction, RRD's shares will no longer trade on the New York Stock Exchange, and RRD will become a private company.

Interfor announced that it has completed the previously announced transaction to acquire 100% of the equity interests of EACOM Timber Corporation from an affiliate of Kelso & Company, effective February 22, 2022.

Boralex Inc. announces an agreement for the sale of the 34.5 MW Senneterre power plant in Quebec, Canada. The power plant has been purchased by Resolute Forest Products Canada Inc.

Menasha Packaging Company, LLC, a subsidiary of Menasha Corporation, announces it has signed an agreement to acquire the assets of Color-Box, a business unit of Georgia-Pacific, LLC. Terms of the transaction were not disclosed. The acquisition is expected to close in early summer 2022.

The transaction is expected to close during the second quarter of 2022, subject to regulatory approvals.

Stora Enso announced that it has signed a letter of intent to divest the Kvarnsveden site in Sweden to Northvolt. Due to structural decline in demand for graphical paper, in April 2021 Stora Enso announced a plan to close its Kvarnsveden paper production site. Founded in 1900, Kvarnsveden produced pulp and paper for over 120 years until production ended in September 2021.

Bast Fibre Technologies Inc. (BFT), a manufacturer of premium natural fibres, has completed its purchase of Georgia-Pacific's Lumberton Cellulose LLC. The Lumberton, NC site is a highly automated state-of-the-art manufacturing facility with approximately 25 employees that will now operate under the new name of BFT Lumberton.

Mondi PLC said that it will sell its personal-care components business to Nitto Denko Corp. for 615 million euros ($699.5 million) as it focuses on expanding its business in packaging.

Resolute Forest Products Inc. announced two separate transactions to grow and improve the competitiveness of its wood products business.

If approved, all Verso stockholders will receive $27.00 per share in cash upon closing of the transaction, representing immediate and certain value at a significant premium.

Midwest Paper Group makes packaging-grade paper at its mill in Combined Locks. The mill has a capacity to produce 500,000 tons per year.

The mystery party had been circling since at least November but has never been named in R.R. Donnelley's public statements.

Nuveen Natural Capital, a globally diversified investment and asset management company specializing in the acquisition and stewardship of forestry assets, completed the sale of 66,800 acres in Texas and Georgia to Rayonier, a leading timberland real estate investment trust. The purchase price, before transaction costs, was $124.2 million.

Essity has acquired the US professional wiping and cleaning company Legacy Converting, Inc.

Mayr-Melnhof Holz has received the necessary approval from the competition authorities, and thereby completes its acquisition of the Swedish sawmill group Bergkvist Siljan.

Norske Skog has entered into agreement with Talley's Group, a New Zealand based dairy, fishing, produce and food company, to sell the Nature's Flame pellets company for a consideration of approximately NZD 47.8 million (approximately NOK 280 million). The transaction is expected to close during the first quarter of 2022.

Sonoco acquired Ball Metalpack for $1.35 billion in cash subject to customary adjustments, including for working capital, cash and indebtedness.

At this time, the Company remains subject to the Chatham Merger Agreement and is complying with the terms and conditions of the Chatham Merger Agreement, which remain in effect unless and until the Chatham Merger Agreement is terminated.

Verso Corporation announced the filing of a preliminary proxy statement for a special meeting of stockholders, at which Verso stockholders will consider and vote upon various items related to the proposed and previously announced transaction with BillerudKorsnäs AB. If approved, all Verso stockholders will receive $27.00 per share in cash upon closing of the transaction, representing immediate and certain value at a significant premium.

R.R. Donnelley & Sons Co. said a mystery bidder that has been circling the publishing company since at least November has raised its offer again.

Potential uses for the six-story south section of the mill building are being explored. KKIL is conducting a feasibility study to see if converting the space into apartments -- including indoor parking, an outdoor rooftop area and other amenities -- is possible.

Bast Fibre Technologies Inc. (BFT), a manufacturer of premium natural fibres for the global nonwoven and textile industries, announced that it has entered into a definitive agreement to acquire Lumberton Cellulose LLC (LC), a natural fibre processing facility located in Lumberton, North Carolina from Georgia-Pacific Cellulose LLC.

Verso Corp. holder Hoak & Co. is against the company's $27/share sale to to BillerudKorsnas and would like the company to remain independent.

Pactiv Evergreen Inc. announced that it has entered into a definitive agreement by its wholly-owned subsidiary, Evergreen Packaging International LLC (Evergreen Packaging), to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of approximately $335 million.