The sawmill has the potential for expansion to 100 million board feet and the transaction is expected to close on October 3, 2023.
M&A
West Fraser Timber and Atlas Holdings announced the signing of a definitive agreement for the sale of West Fraser's Quesnel River Pulp mill in Quesnel, British Columbia and its Slave Lake Pulp mill in Slave Lake, Alberta to Atlas.
Headquartered in Castellón, Spain, Palets Suller is the market leader in machine-built wood pallets, serving the region’s ceramic tile industry as well as other industries.
Ponsse’s export and service operations in Russia have been suspended since March 2022.
Adams Building Supplies are the first Georgia-based businesses for Nation’s Best, now with 51 locations in 15 states.
The Conservation Fund conveys largest-ever wildlife management area acquisition for Maine Department of Inland Fisheries & Wildlife.
The deal should be completed by the end of this year.
Along with the closing of the transaction, the company completed its almost thirty-year history of investments in Russia.
The acquisition of City Lumber marks the fifth recent major addition for Spahn & Rose, which also includes Dunn Lumber in Lake Geneva, Wisconsin, in February 2019; Moeller & Walter Lumber in Reinbeck, Iowa, in February 2020.
Prinzhorn Group's Hamburger Recycling has signed a contract covering the takeover of the Italian recycling company Eurocart, together with its affiliated company Berica Recuperi.
The corrugated packaging plant has a production capacity of 200 million sqm annually with around 140 employees.
Smurfit WestRock will be led by Irial Finan as Chair, Tony Smurfit as CEO, with Ken Bowles as CFO.
Sonoco Products Company announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock and one WestRock paper mill in Chattanooga, Tennessee.
Albany acquired Heimbach for Euro 132 million in cash, and assumed net debt of approximately Euro 22 million. The transaction was funded with cash held in Europe.
Subject to approval by the cartel law authorities, the chipboard plant in Markt Bibart will be the 22nd production plant of the globally active Egger Group.
The potential combination would be expected to involve the creation of a new holding company, Smurfit WestRock.
The Flensburg operation consists of one paper machine and two coating lines with a total annual capacity of 35,000 tons.
Spray Lake Sawmills has an annual lumber capacity of 155 million board feet and holds two Forest Management Agreements granted by the Government of Alberta with a total Annual Allowable Cut of approximately 500,000 m3.
West Salem Machinery will continue to operate under its current name as a separate internal division within Bruks Siwertell Group.
The transaction included the service centre in Coburg and its machine and spare parts stocks owned by Ponsse North America, Inc, Ponsse’s subsidiary in the US. At the same time, Ponsse North America Inc. signed a retail agreement with PacWest Machinery.