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Mondi plc has entered into an agreement to sell its most significant facility in Russia, Mondi Syktyvkar, to Augment Investments Limited for a consideration of RUB95bn (around €1.5bn), payable in cash on completion. Augment is an...
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Published in issue 28/2022
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A new forest products giant group is to be formed in North America as Paper Excellence, through its wholly owned subsidiary Domtar entered into a definitive agreement to acquire Resolute Forest Products. Accordingto Paper...
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Published in issue 51/2021
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Swedish board and packaging paper producer Billerud Korsnäs has announced its acquisition of US publication and fine paper producer Verso Corporation for a purchase price totalling around $825m. Following completion of the...
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Published in issue 41/2021
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The Smurfit Kappa Group (SKG) recently announced that it intends to acquire Burgo’s Verzuolo containerboard mill in Italy. SKG now reports that the takeover has been completed. The purchase price was put at €360m. "As we continue...
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Published in issue 40/2021
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International Paper Company (IP) has completed the separation and spin-off of its global printing papers business into a new company named Sylvamo Corporation. Under the previously announced agreement, each IP shareholder received...
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Published in issue 32/2021
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Mayr-Melnhof Group (MM) has finalised the acquisition of International Paper’s former Kwidzyn mill in Poland after receiving approval from all relevant competition authorities. The purchase forms part of MM’s strategy to grow in...
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Published in issue 31/2021
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Italian paper manufacturer Burgo Group has surprised the market by announcing the sale of its containerboard mill in Verzuolo. Only in early 2020, the company concluded the conversion of the mill and the site’s PM 9 from LWC paper...
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Published in issue 26/2021
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The European Commission (EC) is reviewing the planned takeover of International Paper (Poland) Holding Sp. z o.o., a Polish subsidiary of US International Paper group, by Austria‘s Mayr-Melnhof Cartonboard International GmbH....
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Published in issue 23/2021
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Belgium‘s VPK Group intends to acquire the Alizay fine paper mill in France from Thai paper manufacturer Double A and rebuild it to produce lightweight recycled corrugated case material. According to a joint press release, VPK...
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Published in issue 22/2021
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Stora Enso announced that it would sell its Sachsen mill in Eilenburg, Germany, to Swiss Model Group for €35m. Model Group will convert the mill, which is producing various specialty newsprint grades and deinked pulp, to the...
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