NEW YORK, Feb. 21, 2017 (Globe Newswire) -Mercer International Inc. today announced that it has entered into an 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 $9.0 million.
Friesau Facility Highlights
The Friesau Facility:Read more
STOCKHOLM, Jan. 26, 2017 (Press Release) -To meet the growing demand for high-quality tissue and strengthen the product offering in the UK, SCA is investing in a through-air drying (TAD) machine at its tissue plant in Skelmersdale. SCA has also decided to close an older tissue machine in Stubbins and signed an agreement to divest its tissue plant in Chesterfield to Sidcot Group Limited.Read more
STOCKHOLM, Jan. 2, 2017 (Press Release) -Stora Enso has today divested its 100% shareholding in its Finnish subsidiary Formeca Oy, a provider of high-quality machines for automated packaging lines, to Amitec Oy, a specialised engineering and machine construction company based in Finland.
Following this transaction, Stora Enso will become a reseller of Formeca machines and retain the ability to support and consult customers on packaging automation solutions. Hence Stora Enso will continue to deliver Formeca packaging machines to its customers in its core markets.Read more
OSLO, Norway, Dec. 15, 2016 (Press Release) -Norske Skog has entered into an unconditional agreement to sell the Topp1 power station at the Tasman mill site in New Zealand to NGATI Tuwharetoa Electricity Ltd, a local partner at the Tasman industrial site.Read more
GLENDALE, CA and CHARLOTTESVILLE, VA , Dec. 5, 2016 (Business Wire) -Global labeling and packaging materials manufacturer Avery Dennison Corporation (AVY) has signed a wind power purchase agreement (PPA) with Apex Clean Energy to offset 50 percent of the company’s U.S.-based greenhouse gas emissions derived from electricity consumption, signaling commitment by Avery Dennison to renewable energy and energy efficient practices and technology.Read more
CITY OF INDUSTRY, CA , Dec. 2, 2016 (PRNewswire) -Sugarmade, Inc. (SGMD), today announces the purchase of international paper contracts from Bao Coc International Paper and Plastics Limited, located in Vietnam. Under the terms of the asset purchase agreement, Sugarmade will assume contracts for international paper products bound for delivery into the U.S. Sugarmade estimates the acquisition will boost its revenue production by approximately $500,000 to $600,000 annually. Sugarmade also expects the deal to have a significantly positive impact on other portions of its business operations.Read more
PERLEN, Switzerland, Oct. 17, 2016 (Press Release) -Zeochem, the Chemistry Division of CPH Chemie + Papier Holding AG has acquired an industrial site in Bosnia and Herzegovina to build a new production facility. The plant, planned to be completed by the end of 2017, will be used to manufacture molecular sieves powder and silica chromatography gels.Read more