Acquisitions, Mergers and Takeovers – Wood Markets News

M&A

Ponsse Plc has sold all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus. Ponsse signed the deed of sale, according to which Ponsse’s operations in Russia will transfer to OOO Bison once the conditions of the transaction have been met.

UFP Industries announced that its affiliate, PalletOne, Inc., has acquired a 50% equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50% of Dempsey after three years.

Pacific Woodtech to acquire LP's Engineered Wood Products (EWP) business for $210 million. The acquisition includes LP's laminated veneer lumber and I-joist manufacturing facilities in Wilmington, North Carolina; Red Bluff, California; and Golden, British Columbia, Canada, associated timber license assets, and the Soli...

Schweitzer-Mauduit International, Inc. ("SWM") and Neenah, Inc. announce the future name of the combined company upon completing the pending all-stock merger of equals. Each company’s shareholders are scheduled to vote on the transaction on June 29, 2022. Upon close, the new company name will be Mativ, Inc.

HEINZEL GROUP signs agreement for acquisition of Steyrermühl paper mill from UPM. The transaction comprises the UPM Steyrermühl site with approx. 400 employees, including the newsprint paper machine with an annual capacity of 320,000 tonnes and the Steyrermühl sawmill operations with an annual timber capacity of 370,00...

Central National Gottesman Inc. announced that its North American Distribution Division has acquired Lewis Paper International, Inc., a leading distributor of paper, packaging and wide-format products headquartered in Addison, Illinois.

Komatsu Forest AB announces agreement to acquire Swedish manufacturer of attachments for silviculture, Bracke Forest AB. Komatsu is planning to close the acquisition on July 1, 2022.

Ponsse has decided to divest its operations in Russia. The divestment of all shares in OOO Ponsse, Ponsse Group’s subsidiary providing PONSSE services in Russia and Belarus, is currently being negotiated.

BID Group has entered into an agreement to acquire Smith Sawmill Service. The transaction is expected to close in 3Q 2022 and is subject to customary closing conditions.

Boise Cascade has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing locations, from Coastal Forest Resources Company for $512 million, subject to certain closing adjustments. Boise Cascade plans to invest $50 million into its Southeast operations over a three-year period to furthe...

Zeus, the Irish-owned global packaging solutions company, has announced the acquisition of two UK packaging companies, Swanline Group and its sister company BoxMart, in an agreement worth in excess of Euro 25 million.

Beacon has acquired Complete Supply, Inc., an independent distributor of residential roofing and exterior building supplies to contractors and homebuilders in Willowbrook, Illinois.

Kruger announces that its affiliate Kruger Specialty Papers Holding L.P. completed the acquisition of Domtar’s pulp mill in Kamloops, British Columbia, Canada. The Kamloops facility, which manufactures northern bleached softwood kraft pulp (NBSK) and unbleached softwood kraft pulp, will continue to operate as usual. Th...