The transaction is expected to close in the Q2 2024 and is subject to customary closing conditions.
M&A
The mills will be operated by Millar Western Forest Products, which joined the global Atlas family of manufacturing and distribution businesses in 2017.
The AmeriPac business workforce of nearly 600 is located in Grapevine and Dallas, Texas, and Mechanicsburg, Pennsylvania.
Custer Do It Best Hardware & Lumber will become R.P. Lumber’s 83rd location.
This acquisition underscores Zeus Group’s increased focus on sustainable packaging, investing in paper-based solutions over plastic-based production.
Woodgrain will also continue to enhance value-added services, including pre-hanging and pre-finishing doors, supported by Woodgrain’s manufacturing expertise.
Egger takes the next step in the circular economy: first recycling collection site in Italy.
The combination will bring together complementary businesses to create a truly global sustainable packaging solutions leader, with industry leading positions in two of the most attractive geographies of Europe and North America.
Rengo Group intends to further promote development of the flexible packaging business through the making of the company into a subsidiary.
The notified transaction was examined under the simplified merger review procedure.
Under the contract concluded, the municipal company sells the entire sawmill business as a whole without dividing it into parts. The transaction amounts to Euro 6 million (amount excluding VAT).
Grigeo AB has successfully completed the acquisition of one of the mills of Głuchołaskie Zakłady Papiernicze sp. z o.o (GZP), a Polish producer of tissue paper and paperboard.
Under the agreement, AHF will acquire assets related to Allegheny Wood Products’ sawmills in Smoot, Greenbrier County, and Norton, Randolph County, West Virginia.
This acquisition marks ABC Supply’s introduction to the Ontario, Canada, market and growth in its New York market.
Meanwhile, in the first two months of the year, lumber prices began to increase in the main export markets.
The deal involves Koppers Utility and Industrial Products Inc., taking over most of Brown Wood's assets, including its pressure-treated wood utility poles production.
The Partnership will manage an allowable annual cut of 904,540 cubic metres of timber and includes a long-term fibre agreement to support Western’s British Columbia coastal manufacturing operations.
With the acquisition of Bosis doo, DS Smith's total packaging operations in Eastern Europe will comprise 30 box plants and additional facilities, employing more than 7,000 people in the region.
The full acquisition of Rodpak will finalise on 1 May 2024 subject to all Completion Precedents being met.
This acquisition is part of Home Depot's broader strategy to bolster its presence in the complex professional contractor market, especially as sales in its core do-it-yourself retail segment have begun to wane.