Recent Articles

Consolidated forest tenure comes under control of Lake Babine First Nation.

At the time of closing, the cash provided included the previously disclosed transaction amount of $538 million, an additional $38 million as a ticking fee to reimburse the seller for Greif's profits, standard adjustments for debt and cash, and the effect of foreign exchange rates.

Ahlstrom introduces a new dual-layer filter media technology, available globally, that represents a leap forward in filtration and is a perfect solution to comply with future market needs.

Essity continues its purpose to break barriers to well-being by joining the Unstereotype Alliance, a thought and action platform convened by UN Women, with the mission to eradicate harmful stereotypes in media and advertising content.

The Board of Directors of Sonoco increased its quarterly common stock dividend to $0.52 per share from the previous quarterly distribution of $0.51 per share. This new dividend will be paid on June 10, 2024, to shareholders of record as of May 10, 2024.

Södra's election committee now presents its proposal for the board and chairman. Magnus Hall is proposed to be re-elected as chairman of the board and Håkan Larsson is proposed to be elected as a new member of Södra's board.

Beate Flamm joined the Board of the containerboard and corrugated sheetboard manufacturer Progroup. She is responsible for the areas of human performance management (personnel), communications and marketing, and corporate social responsibility.

The transaction is expected to close in the second half of calendar 2024 and is subject to approval by Glatfelter shareholders and completion of customary closing conditions.

Scheduled to open later this spring, the new facility will significantly expand Greif's capacity in the bulk corrugated business and create opportunities in the South and Southwest regions of the United States, as well as Mexico.

Doug Wall, Vice President Global Sales, is pleased to announce that Paprima has secured two new strategic international orders for our industry-leading Reel-Jet™ S Water-Jet Turn-Up System.

Veritiv Corporation, a leading specialty distributor of value-added packaging, facility solutions and print products and solutions, announced that it has acquired substantially all the assets of Ameripac, LLC, and Ameripac Pennsylvania, LLC ("AmeriPac") a leading provider of turnkey contract packaging and fulfillment services with annual revenues of approximately $60 million.

Expected to Achieve Significant Synergies of At Least $514 Million

If you read my last column, you heard about how a Chief Purchasing Officer of a global, Fortune 50 manufacturing company views categories of spend, risks, contracts, and global suppliers. I did not have enough space to cover all my questions and answers from the interview, so we will pick right up where we left off.

Two Rivers Lumber Co. LLC plans to invest $115 million to build a state-of-the-art sawmill in Coosa County as the company's second operation in Alabama. Demopolis-based Two Rivers Lumber has committed to creating 130 jobs at the new Alabama sawmill, which will specialize in the production of Southern Yellow Pine dimensional lumber, the Alabama Governor's Office reports.

The Paper Excellence mill in Howe Sound was the company's second B.C. facility in four months that has been penalized for contaminating the environment.

Rengo has integrated the Packaging Solution business of SunTox Co., Ltd. and Mitsui Chemicals Tohcello, Inc. in an absorption-type merger and acquired 51.0% of shares issued by the Integrated Company (new trading name: RM TOCHELLO CO., LTD.) on the same date, making it into a subsidiary.

On April 15, 2024, the Supreme Court announced that it has granted a leave to appeal for the minority shareholders. The Supreme Court will address the assessment of the redemption price of Ahlstrom Oyj's minority shares.

Sun Chemical announces its ongoing collaboration with packaging solutions company, Cardbox Packaging. Sun Chemical is supplying Cardbox with SunPak® FSP EcoPace sheetfed, low migration inks for high productivity, high speed folding carton printing and for its SunHub compact ink dispenser at their Austria site.

The FENIX™ Bio Locking Tag represents a renewable alternative to petroleum-based products, using up to 88% fewer fossil fuel-based plastics than traditional plastic options. These plant-based horticulture tags enable WestRock customers to achieve plastic-reduction goals while ensuring critical functionality in greenhouse, nursery and retail environments.

Cashmere UltraLuxe® Bathroom Tissue introduces the Fleur rating system, recognizing some of the most beautiful restaurant bathrooms in Toronto in the Cashmere UltraLuxe® Bathroom Guide.

Interest in raw materials from family forestry is growing as more and more people see the importance of the forest and opportunities to contribute important solutions to the great challenges of our time. As part of meeting demand, Södra implements price increases on several timber ranges.

This spring, UPM launched a new service package, UPM Nature Management Services, to provide Finnish forest owners with more options to enhance biodiversity. The first nature management services to be offered are assisting forest owners in applying for an environmental subsidy and a controlled burning service. More new services will be available later this year.

Marina Madanat, Executive Vice President, Strategy and Business Development, and a member of the Huhtamaki Global Executive Team, has decided to leave Huhtamaki to pursue other career opportunities.

Metsä Board, part of Metsä Group, inaugurated its upgraded folding boxboard machine in Husum, Sweden, on the 11th of April. Invited to the inauguration ceremony were, among others, project partners and representatives of Örnsköldsvik municipality, Swedish parliament and the forest industry.