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KINGSEY FALLS, QC, July 1, 2019 (CNW) -Cascades ("the Company"), a leader in the recovery and manufacturing of packaging and tissue products, announces that it has entered into a definitive agreement for the acquisition of substantially all of the assets of Orchids Paper Products Company ("Orchids" or "Orchids Paper") following the approval thereof by the United States Bankruptcy Court for the District of Delaware (subject to completion of definitive documentation). Cascades will pay a cash consideration of US$207 million, financed by the Company's credit facilities.
Read moreSUNDSVALL, Sweden, June 3, 2019 (Press Release) -SCA intends to divest SCA Logistics (Rotterdam) B.V. to the Dutch company Matrans Holdings B.V. The transaction is expected to reduce SCA’s net debt by about 575 M SEK, including both the purchase price and the effect of financial leases which are included in the sale. The divestment is expected to reduce SCA’s EBITDA by around 30 M SEK on an annual basis.
Read moreHELSINKI, May 31, 2019 (Press Release) -The shareholders of Bergvik Skog AB, a Swedish forest holding company, have finalised the previously announced restructuring of its ownership. Stora Enso’s forest holdings in Sweden will increase to 1.4 million hectares, of which 1.15 million hectares is productive forest land. Prior to the transaction, Stora Enso’s indirect share of Bergvik Skog’s productive forest land was 936 thousand hectares.
Read moreOAKLAND, CA, Feb. 15, 2019 (PPI Pulp & Paper Week) -Smurfit Kappa Group's (SKG) containerboard and corrugated business in Mexico increased sales by 3.2% in 2018 to 794 million Euros and the firm's performance in the Americas including its US business grew margin from 14.4% in 2017 to 15.7% in 2018, the company announced this week.
Read morePORTSMOUTH, UK , Dec. 21, 2018 (Press Release) -Reconomy, the UK’s leading provider of outsourced waste management and recycling services has today announced the acquisition of Valpak Holdings Limited (“Valpak”), the UK’s largest environmental compliance solutions provider, for an undisclosed figure.
Read moreBRUSSELS, 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.
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