Mergers & Acquisitions

AstenJohnson has announced the end of the proposed transaction to merge the Heimbach and AstenJohnson PMC businesses.

LSC Communications and United Business Mail (UBM) announced today that UBM has acquired LSC's commingle business for $11.25 million in cash.

A Belfast startup says it has bought the former Madison Paper Industries mill. Building products manufacturing startup GO Lab indicated the deal was worth $1.9 million.

Fortress Global Enterprises Inc. announces that, as a result of ongoing financial constraints impacting the Company primarily resulting from a 10-year low in dissolving pulp prices, the Board of Directors has formed a Strategic Committee to consider various strategic and financing alternatives potentially available to the Company, including a recapitalization, restructuring and/or business combination transaction.

The move will expand Universal's capacity to produce value-added siding and trim for customers in its Northwest and Mountain West regions.

The deal will create the largest company in this segment in Brazil.

Forest2Market and Fisher International will continue to operate individually as the transition is planned and implemented.

Bemis, located in Clara (Ireland), Derry (Northern Ireland, UK), and Elsham (United Kingdom), will be merged with Nelipak, and the combined company will operate under the Nelipak Healthcare Packaging brand.

Sonoco announced it completed the acquisition of Corenso Holdings America, Inc. from a company owned by investment funds advised by Madison Dearborn Partners, LLC, and management for $110 million in cash.

Sappi Limited announced that it had signed an agreement to acquire the 270,000 tpa Matane high yield hardwood pulp mill from Rayonier Advanced Materials for US$175 million.

Graphic Packaging Holding Company announced it has reach an agreement to buy Artistic Carton Company, a package manufacturing company, for an undisclosed amount.

Premier Paper Group has been acquired by Japan Pulp and Paper Company Limited.

The deal will be financed through a rights issue of up to $257 million and is likely to be completed by late 2019 or early 2020.

Smurfit Kappa, which saw off an unwanted takeover bid from International Paper (IP) last year, is unlikely to court renewed interest from its US rival in the near term, according to analysts at French brokerage Exane BNP Paribas.

Cascades will pay a cash consideration of US$207 million, financed by the Company's credit facilities.

Multi-Color Corporation announced that the anticipated acquisition of the Company by an affiliate of Platinum Equity, a leading private equity firm, is now complete.

IT Tech Packaging, Inc. announced that Hebei Baoding Dongfang Paper Milling Company Limited, the major operating entity of the Company, has entered into an acquisition Agreement with Hebei Tengsheng Paper Co. Ltd., pursuant to which Dongfang Paper shall acquire 100% equity interests in Tengsheng Paper and all right, title and interest in and to all assets owned by Tengsheng Paper.

Cascades has won the auction to acquire certain of the assets of Orchids Paper Products in proceedings before the United States Bankruptcy Court for the District of Delaware.

The purchase price is approximately $39 million plus the market value of finished lumber and log inventory at closing.

Amcor plc announces it has entered into a binding agreement with Kohlberg & Company, for the sale of three former Bemis plants located in the United Kingdom and Ireland for cash consideration of USD 394 million(€347 million).

BillerudKorsnäs sells 89.9% of Bergvik Skog Öst AB for a price corresponding to an enterprise value of SEK 12.2 billion on a debt free basis.

Biopappel, the largest manufacturer of paper and paper products in Mexico, said that through McKinley Paper Company, its US subsidiary, it acquired 55 percent of the company US Corrugated , Inc and subsidiaries.

Biopappel, the largest manufacturer of paper and paper products in Mexico, said that through McKinley Paper Company, its US subsidiary, it acquired 55 percent of the company US Corrugated , Inc and subsidiaries.

Biopappel, the largest manufacturer of paper and paper products in Mexico, said that through McKinley Paper Company, its US subsidiary, it acquired 55 percent of the company US Corrugated , Inc and subsidiaries.

The purchase price is approximately SEK 260 million (€24.2m) on a debt-free basis.