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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.
Expected to Achieve Significant Synergies of At Least $514 Million
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.
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.
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.
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.
Engineering and related work has begun, and startup of the machine is scheduled for 2026. At peak construction, 500 construction and contract-related workers are expected to be onsite at the mill.
Consolidated forest tenure comes under control of Lake Babine First Nation.
After promising results from the ongoing demonstration phase, Metsä Group has decided to conduct, in parallel with the demo phase, a pre-engineering project related to a possible first commercial-scale factory. Muoto™ packages are renewable and recyclable bioproducts that can be utilised in, e.g., takeaway, berry, tray, and combo packaging.
Sonoco Products Company, one of the largest global sustainable packaging companies, and ENGIE North America ("ENGIE") announced that they have entered into a Virtual Power Purchase Agreement ("VPPA") for production from ENGIE's Big Sampson Wind Project ("Big Sampson"), a wind power project currently under construction in Crockett County, Texas.
Canfor Corp. is closing its Jackson mill in southern Alabama at the end of June as part of a restructuring of its operations in the state.
In a landmark decision, the European Commission has given the green light to the proposed merger between Smurfit Kappa Group plc, headquartered in Ireland, and WestRock Company from the United States. The approval paves the way for the creation of a global packaging powerhouse, dubbed Smurfit WestRock, with a comprehensive reach across continents.
Enviva Inc. received a notice from the New York Stock Exchange on April 2, 2024, regarding its non-compliance caused by a delay in filing its 2023 Annual Report. The company has a six-month window to correct this and maintain its stock listing.
In early 2023, Paper Excellence announced that it would be investing nearly $50 million to upgrade paper operations at the Catalyst Crofton mill, re-start the paper machine and put employees back to work. That didn't happen, and a year later, the company announced the indefinite curtailment of paper operations in Crofton.
International Paper and its advisers are hoping to reach an agreement on a recommended offer by the end of this week.
Kimberly-Clark will sell its personal protective equipment business to Ansell for US$640 million in cash, agreeing to a deal that the Australian company's chief executive said had been under consideration for years.
Corner Brook Pulp and Paper said Friday, April 5, that it was temporarily halting operations at its western Newfoundland mill.
DS Smith PLC on Thursday said that an extension had been agreed for its potential takeover by Mondi PLC, though the company still holds a more lucrative offer from International Paper.
DS Smith PLC on Thursday said that an extension had been agreed for its potential takeover by Mondi PLC, though the company still holds a more lucrative offer from International Paper.
The management of the Sonoco Hellas paper mill announced to its 98 employees on Tuesday that it is closing its two facilities in Greece definitively on June 1.
Napoli Shkolnik and the other members of the PFAS Settlement Steering Committee praise U.S. District Judge Richard Gergel's decision; Settlement follows $1.18 billion DuPont approval.
Crews extinguished the fire quickly before it extended to the building or other equipment.
West Fraser Timber Co. Ltd. and Mercer International Inc. announced an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper. West Fraser will continue as the sole owner/operator of the mill, doing business as Cariboo Pulp and Paper Company.
At one time, the sawmill had employed more than 120 people.
The new state-of-the-art 4-colour converting machine will produce the well-known FEFCO 0201 bespoke boxes and alternative grades for customers. It is currently in start-up phase and equipped with an advanced automatic inline error detection system.
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