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The project is a candidate for up to $10 million in funding from the Minnesota Department of Employment and Economic Development's Minnesota Forward Fund, which provides grants and loans to businesses making "large private capital investments in new and existing industries."
Will represent over 83% of Sonoco U.S. electricity needs.
Multi-Color Corporation (MCC), a global label solutions provider, filed for Chapter 11 bankruptcy. The company has entered a restructuring support agreement with its major secured lenders to sail through the proceedings.
Edgewell Personal Care Company announced that it has completed the sale of its feminine care business to Essity, a leading global health and hygiene company based in Sweden, for $340 million. Edgewell intends to use the net proceeds from the sale, after taxes and transaction costs, primarily to strengthen its balance sheet and pay down the balance of U.S. revolving credit facility while continuing to invest in the long-term growth of its core businesses.
The workers at Union Gap will be offered severance packages, and some may be offered positions at other facilities. Layoffs are also planned for CA and Kentucky this year.
The company intends to announce a new name and ticker symbol later in the first quarter of 2026.
Kimberly-Clark, which makes Scott toilet paper and Huggies diapers, said in June that it struck a $3.4 billion deal to sell most of its international tissue business to Brazil's Suzano, creating a joint venture in which it would hold a 49% interest. The companies said at the time Suzano would also have the option to purchase Kimberly-Clark's remaining ownership interest in the future.
Cascades Inc. announces that it has entered into an agreement with Crown Paper Group ("Crown") for the sale of its corrugated packaging plant located in Richmond, British Columbia, for a total value of $65.5 million, including the real estate assets and subject to working capital adjustments and the assumption of certain liabilities.
International Paper, a leader in sustainable packaging solutions, announced Jan. 29 its plan to create two independent, publicly traded companies: International Paper will be comprised of its current business in North America including both legacy IP and DS Smith assets, and the EMEA Packaging business will be comprised of both legacy DS Smith and IP assets in EMEA. The separation will create two leading sustainable packaging solutions companies, each with focused management teams and business models, tailored investment and capital allocation strategies, and compelling financial profiles.
Key milestone in creating a global health and wellness leader; Transaction expected to close in the second half of 2026
A long-idle paper manufacturing site in Port Huron is moving closer to redevelopment with new state support.
Sprinklers helped control a fire inside industrial equipment at the longtime Ahlstrom facility, and no injuries were reported.
Kasie Malcolm, a chemical engineering student participating in a co-op program through UMaine, died at the hospital last night from injuries sustained at the plant. Malcolm had worked at the mill since June.
Another worker involved in the incident was sent to Calais Hospital Tuesday night as well, with serious injuries; their condition is unknown at this time.
The cause of the pipe break is under investigation, and officials are assessing the extent of the damage to the property.
A state appeals court rejected an attempt by members of the Appvion Employee Stock Ownership Plan to recover damages after a bankruptcy filing.
Forests minister scrambles to increase timber to B.C.'s forest industry.
Merger expected to close after market close on January 30, 2026.
No injuries were reported in the incident.
A Chinese firm, Huanrong Paper, is set to construct a paper manufacturing plant in Uzbekistan's Samarkand region, in a project valued at around $500 million, local authorities have said.
Tetra Pak takes another major step towards the next generation of sustainable packaging materials with its €60 million investment in a new pilot plant for its paper-based barrier technology at the company's facility in Lund, Sweden.
International Paper, a global leader in sustainable packaging solutions, has completed the sale of its Global Cellulose Fibers (GCF) business to funds affiliated with American Industrial Partners (AIP). As part of the sale agreement, AIP acquired the GCF business for $1.5 billion including the issuance to International Paper of preferred stock with an aggregate initial liquidation preference of $190 million.
Thunder Bay Pulp and Paper has decided to halt its newsprint production due to a significant decline in demand. This decision will impact 150 jobs as per their latest announcement on January 22. The company will be filing notices with the provincial labor ministry to implement this change within the current quarter.
About 120 employees were laid off in July, with hopes they would return to work in the new year.
Metsä Board has today signed an agreement to acquire the Winschoten Sheeting and Distribution Hub in the Netherlands from Konvertia Group. The transaction is expected to be completed in February 2026. The parties have mutually agreed not to disclose the acquisition price.
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