STOCKHOLM, Nov. 11, 2013 (Business Wire) - SCA has completed its offer for the Chinese tissue manufacturer Vinda and is now the majority shareholder with 59.95% of the shares.
SCA is now the majority shareholder of Vinda, which is the third largest tissue company in China. China is the second largest tissue market globally.Read more
MELBOURNE, Australia, Nov. 18, 2013 (Press Release) - Amcor announces today that it has signed an agreement to acquire Detmold Flexibles, a privately-owned Australian flexibles packaging business for $50 million. The business will be part of Amcor Flexibles Asia Pacific.
Detmold Flexibles operates two plants in Melbourne and has sales of approximately $55 million. The acquisition price represents an EBITDA multiple of 6.6 times and after the realisation of synergy benefits return on funds employed are expected to be more than 20%.Read more
VIENNA, Austria, Nov. 7, 2013 (Press Release) - MM Packaging today signed an agreement to acquire three A&R Carton sites one each in St. Petersburg, Timashevsk, Southern Russia, and Augsburg, Germany.
The market share and customer portfolio fit very well into the ongoing growth strategy of MM Packaging and generate revenues worth EUR 122 million in 2013. About 50,000 tons of cartonboard are converted per annum.Read more
STOCKHOLM, Oct. 28, 2013 (Business Wire) - SCA has secured an ownership share of 56.33 % in the Chinese tissue manufacturer Vinda, signifying that the terms for completion of the offer have been met.
The acceptance period expires on November 11, 2013.
On September 9, 2013, SCA announced that the company was planning to make a cash offer for Vinda, which is China's third largest tissue manufacturer. The complete prospectus was published on October 7, 2013.
Prior to the publication of the offer, SCA held approximately 21.7% of the shares in Vinda.Read more
WINTERTHUR, Switzerland, Oct. 21, 2013 (Press Release) - Sulzer Pumps has acquired Tartek Oy, a specialist in development, manufacture, repair and maintenance of high quality mechanical seals. With this acquisition, Sulzer Pumps further expands its technology portfolio and is well positioned to provide extended seal offerings to customers in the pulp and paper, power, water, general and chemical process industries.Read more
CAMBRIDGE, NY, Oct. 16, 2013 (Business Wire) - Morcon, Inc., owner of tissue, towel and napkin converting facilities in Upstate New York and South Carolina, has announced the sale of its business to longtime paper industry executive Joseph F. Raccuia. Mr. Raccuia is the former president and CEO of SCA Tissue-North America and former president and CEO of uncoated printing paper manufacturer Finch Paper LLC.Read more
PORCARI, Italy, Oct. 1, 2013 (Press Release) - Sofidel, one of the leading European manufacturers of paper for hygiene and domestic use, is pleased to announce that yesterday, Monday 30 September 2013, reached agreement for the acquisition of the shares of NTG Papermill Limited in the UK.
The agreement signed with NTG Ltd becomes effective as of today, October 1st.
The paper mill, that is located in the North West of England, Lancaster area, is equipped with a paper machine with a capacity of approximately 32,000 tonnes per year.Read more
HELSINKI, Sept. 20, 2013 (Press Release) - Kemira has signed an agreement to acquire Soto Industries Inc, a privately owned company, headquartered in Vancouver, Canada. Soto is a specialty chemicals and services supplier to the pulp and paper industry.
Soto supplies a broad range of specialty chemicals including digester scale control, silicone and oil-based defoamers, and polymers used in green liquor clarification and effluent treatment for pulp and papermaking.Read more