MONTREAL, Jan. 2, 2014 (CNW) - Domtar Corporation today announced the closing of the acquisition of privately-held Laboratorios Indas, SAU ("Indas"), pursuant to a definitive agreement announced on November 19, 2013 .
Indas is Spain's largest manufacturer and marketer of branded adult incontinence products, with its IncoPack and Indasec line of products. With the addition of the new business, Domtar will become one of the leading adult incontinence products manufacturers in Europe , providing the Company with the critical mass upon which to build a pan-European business.Read more
KINGSEY FALLS, QC, Dec. 13, 2013 (Business Wire) - Cascades, North America's fourth largest producer of towel and tissue paper, today announced that the company has been awarded "Environmental Strategy of the Year" by Pulp & Paper International at the 2013 PPI Awards in Dubai. In addition, the Cascades® Moka® product line won the company a second award for "Innovative Product of the Year." The internationally-renowned PPI Awards are the only global awards dedicated to recognizing the achievements of companies, mills, and individuals in the pulp and paper sector.Read more
BUDAPEST, Hungary, Dec. 13, 2013 (Press Release) - In an investment supported from the New Széchenyi Plan, Forest-Papír Ltd. has set up a household hygienic paper processing plant in Lábatlan, from a budget of HUF 2.5 billion. The establishment was inaugurated by Minister of State for Infrastructure Pál Völner on 13 December 2013.Read more
MIAMI, Nov. 18, 2013 (PRNewswire) - Atlas Paper Mills, LLC, a leading manufacturer of recycled fiber tissue products and a portfolio company of Peak Rock Capital LLC, announced today that Jim Brown has been appointed Chief Executive Officer, effective immediately. Mr. Brown succeeds Joe Tadeo, who will be leaving the Company to pursue outside interests.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
CARACAS, Sept. 23, 2013 (Local News) - When you're running low on toilet paper and getting desperate, what do you do?
If you're the Venezuelan government, you take over a toilet paper factory.
On Saturday, Vice President Jorge Arreaza announced the "temporary occupation" of the Paper Manufacturing Company's plant in the state of Aragua. The aim, he explained, is to review the "production, marketing and distribution (of) toilet paper."Read more