A federal bankruptcy court judge in Syracuse made it official Friday: Ox Industries is the new owner of Carthage Specialty Paperboard. That's according to people present in federal court for the judge's ruling.
Centerbridge Partners LP and a group comprised of PAI Partners and Goldman Sachs Capital Partners are in the running to make final bids for Kimberly-Clark Corp.'s European tissue unit, people with knowledge of the matter said.
ND Paper LLC, a wholly owned subsidiary of Nine Dragons Paper (Holdings) Ltd., said Wednesday it has a definitive asset purchase agreement to buy the Old Town property from OTM Holdings LLC, a subsidiary of CVG Inc.
Paper Excellence Canada announced it has entered into an agreement to acquire Catalyst Paper Corporation, including its three facilities located in Crofton, Port Alberni and Powell River, its Surrey distribution centre and headquarters in Richmond, BC. This agreement is subject to regulatory review and approvals.
ND Paper will invest $300 million into its mills in Wisconsin and Maine in the next two years, sparking a transformation and new trajectory for ND Paper, the newly-formed U.S.-based subsidiary of Nine Dragons Paper (Holdings) Limited, the largest containerboard producer in Asia.