KINGSEY FALLS, QC, July 28, 2017 (CNW) -Cascades Inc. ("Cascades") announces that it has completed the previously announced sale (the "Sale") of 13,153,799 Class A shares (the "Shares") of Boralex Inc. ("Boralex") to the Caisse de dépôt et placement du Québec (the "Caisse") at a price of $21.86 per Share, for a total consideration of $287,542,046.10 (the "Consideration"), under a securities purchase agreement announced yesterday by Cascades, Cascades Canada ULC and the Caisse. The Shares were sold pursuant to a private transaction and not through a securities exchange.Read more
KINGSEY FALLS, QC, July 27, 2017 (CNW) -Cascades Inc., a leader in the recovery of recyclable materials and the production of green packaging and tissue paper products, announces that it has reached an agreement to sell all of its shares in Boralex to the Caisse de dépôt et placement du Québec (the Caisse) for an amount of $ 287.5 million.Read more
PERLEN, Switzerland, June 26, 2017 (Press Release) -The CPH Group’s Chemistry Division is merging its Swiss-based companies CU Deutero + Agro AG and Chemie Uetikon AG into Zeochem AG.
The CPH Group’s Chemistry Division will cease the production of fertilizers at its Uetikon (Zurich) site at the end of this month. The fertilizer manufacturing activities have been performed to date by CU Deutero + Agro AG, which also produces deuterated solvents. The latter business will continue as a separate product segment within the Zeochem Group.Read more
MADRID, Spain, April 18, 2017 (Press Release) -The Grupo Europac (Papeles y Cartones de Europe S.A.) has reached an agreement to sell Europac Logistica Lda., the society that provides maritime transport services at the commercial port of Viana do Castelo (Portugal). The company has been acquired by Servinoga, S.L. which belongs to the Nogar Group, for 2.7 million euros, with a net book value of 0.4 million euros. The operation therefore represents goodwill of 2.3 million euros for Europac.Read more
HELSINKI, April 18, 2017 (Press Release) -Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, has signed an agreement on the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA.
The transaction is still subject to third party approvals. The parties have agreed not to disclose the purchase price.Read more
NEW YORK, April 12, 2017 (Globe Newswire) -Mercer International Inc., or "Mercer", today announced that it has completed, through its wholly owned subsidiary Mercer Timber Products GmbH ("MTP"), its previously announced agreement to acquire substantially all of the assets of one of Germany's largest sawmills and a bio-mass power plant, near Friesau, Germany (the "Friesau Facility"), for approximately $55.1 million plus defined working capital of approximately $6.5 million (the "Acquisition").Read more
HELSINKI, March 22, 2017 (Press Release) -UPM has signed an agreement on the sale of its hydro power facilities in Schongau and Ettringen, Germany to erdgas schwaben gmbh, a regional energy company, located in Augsburg.
The sale and purchase agreement is still subject to third party approvals. The parties have agreed not to disclose the purchase price. The transaction does not have an effect on the employees working at UPM Schongau and UPM Ettringen mills.Read more
CLEVELAND, OH, March 3, 2017 (CNW) -With over 20 years of experience improving and automating customers' order fulfillment processes, e3neo's team provides optimal solutions across a variety of vendor platforms to meet the needs of high-volume fulfillment operations. By utilizing a turnkey approach of consulting, implementation and service, e3neo has improved fulfillment operations for customers in a wide variety of industries and geographies.Read more