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BRUSSELS, Dec. 12, 2018 (Press Release) -The European Commission has approved under the EU Merger Regulation the acquisition of joint control over a newly created joint venture combining Solenis and BASF's global paper and water chemicals business ("BASF DOM") by BASF SE ("BASF") of Germany and Clayton, Dubilier & Rice, Inc. ("CD&R") of the US. BASF DOM supplies wet-end paper chemicals and water treatment chemicals. Solenis, a portfolio company of CD&R, is a specialty chemical company providing process and water solutions. The joint venture will also be active in these sectors.
Read moreESPOO, Finland, Dec. 10, 2018 (Press Release) -Metsä Fibre, part of Metsä Group, and EcoEnergy SF have signed an agreement concerning the ownership of the biogas plant located in Metsä Group’s mill area in Äänekoski. The biogas plant will be transferred to Metsä Fibre’s ownership on 10 December 2018. Built by EcoEnergy SF, the biogas plant was started up in 2017 It produces biogas and biopellets from wood-based sludge generated by Metsä Fibre´s bioproduct mill in Äänekoski.
Read moreLONDON, Nov. 29, 2018 (Press Release) -Equitix , a leading UK infrastructure investor, and Iona Capital, the specialist environmental investment and fund management firm, announce the acquisition of a £72 million Energy from Waste (“EfW”) facility in Bridgwater, Somerset.
Read moreHELSINKI, Oct. 29, 2018 (Press Release) -Stora Enso has increased its ownership up to 100% in the Sweden-based company Cellutech AB. The company specialises in the development of new materials and applications based on cellulose, micro-fibrillated cellulose (MFC) and other wood-based components.
Read moreOAKLAND, CA, Oct. 26, 2018 (PPI Pulp & Paper Week) -Two of the largest US containerboard producers each reported 24% margins for their corrugated businesses in the third quarter and a third major dramatically increased its margin by 30% year-over-year.
Read moreMADRID, Spain, Oct. 18, 2018 (Press Release) -Ence Energía, S.L.U. has signed an agreement with Iberdrola Renovables de Castilla La Mancha, S.A.U. for the acquisition of its 90% stake in Puertollano solar thermal plant, for an amount that could reach up to 145.8 million euros. The agreement is subject to IDAE, owner of the remaining 10% of the plant, not exercising its right of first refusal.
Read moreJACKSONVILLE, FL, Sept. 19, 2018 (Business Wire) -Rayonier Advanced Materials Inc. announced today that it has sold its resins business to LRBG Chemicals, a company to be led by the current resins business management team, for a purchase price of approximately $16.5 million. The business, with manufacturing locations in Longueuil, Quebec and Toledo, Ohio, produces chemical resins used in the manufacturing of oriented strand board (OSB), hardboard and other engineered wood products. The business was originally acquired as part of the Company’s acquisition of Tembec in November of 2017.
Read moreMILTON KEYNES, UK , Sept. 3, 2018 (Press Release) -Leading waste-to-product company, Renewi plc has sold its 50% share in the Energen Biogas (“EBG”) anaerobic digestion (AD) facility in Cumbernauld to Bio Capital Limited (“BCL”) which is owned by Helios, Equitix and Aurium Capital.
Read morePORTO, Portugal , July 31, 2018 (Press Release) -Under the terms and for the purposes of article 248-A of the Portuguese Securities Code, Altri, SGPS, S.A. (Altri) hereby informs that, on the present date, has reached an agreement with EDP – Energias de Portugal, S.A. (EDP), to buy, directly and through its subsidiary Caima Indústria de Celulose, S.A., 50% of the share capital, credits and voting rights that EDP holds, directly and indirectly, in the share capital of EDP Produção – Bioeléctrica, S.A.
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