Acquisitions, Mergers and Takeovers – Wood Markets News

May 17, 2017

New Forests completed acquisition of 85% interest in Mekong Timber Plantations in Laos

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New Forests, on behalf of its Tropical Asia Forest Fund (TAFF), has completed the acquisition of a majority shareholding in one of the largest hardwood plantation estates in Laos, as the company said in the press release received by Lesprom Network.TAFF’s latest acquisition is an 85% interest in a m...
May 15, 2017

Kangaroo Island Plantation Timbers completed the purchase of the Kangaroo Island FIT estate

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Kangaroo Island Plantation Timbers Ltd (KPT) completed the purchase of the Kangaroo Island FIT estate. The balance payable for settlement, including all costs, adjustments, fees and stamp duty, was approximately A$53 million ($39 million), as the company said in the press release received by Lesprom...
May 9, 2017

Valspar to sell its North American industrial wood coatings business to Axalta Coatings Systems

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The Sherwin-Williams Company and The Valspar Corporation have entered into a definitive agreement with Axalta Coating Systems to sell the assets related to Valspar’s North American Industrial Wood Coatings business to Axalta for $420 million in cash.Ty Valspar’s North American Industrial Wood Coatin...
April 24, 2017

Huhtamaki to sell its manufacturing facility in China

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Huhtamaki has agreed to sell one of its manufacturing facilities and the related land usage rights in Guangzhou, China, to Guangzhou Yashao Investment Co. Ltd., as the company said in the press release received by Lesprom Network.The sale is part of the ongoing consolidation of Huhtamaki's foodservi...
April 24, 2017

Rengo acquires 80% stake in PT Indocorr Packaging Cikarang

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Rengo announces that Thai Containers Group Co., Ltd. (TCG), a joint venture between Rengo and SCG Packaging Public Company Limited (a subsidiary of The Siam Cement Public Company Ltd.), has completed the acquisition of an 80% stake in PT Indocorr Packaging Cikarang, a manufacturer of corrugated pack...
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