Graphic Packaging Holding Company announced that International Paper has notified the сompany of its intent to continue the monetization process of its ownership interest in Graphic Packaging International Partners, LLC.
M&A
Central National Gottesman Inc. announced that its Kelly/Spicers division has acquired Northern California-based American Packaging, further expanding its packaging business throughout the Western U.S.
Enviva Partners, LP announced the completion of its previously announced acquisition of a world-class, industrial scale wood pellet production plant in Waycross, Georgia, and associated contracted terminal capacity in Savannah, Georgia.
Sonoco has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for total consideration of Euro 41.7 million, or approximately $49 million.
Patrick Industries, Inc. has completed the acquisition of Inland Plywood Company, a premier supplier, laminator, and wholesale distributor of treated, untreated, and laminated plywood, medium density overlay panels, and other specialty products.
US LBM Holdings, LLC has acquired Maner Builders Supply, a multifaceted building products dealer that operates locations in Augusta, Georgia and Aiken and Charleston, South Carolina. With this acquisition, US LBM now operates 22 locations across the Carolinas and in Georgia.
Mondi Paper Bags has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt. The acquired production lines will increase Mondi’s capacity by approximately 60-80 million bags annually.
Columbia Land Trust and SDS Lumber Company announced the conservation of 4,900 acres along the Klickitat River Canyon in Yakima County, Washington - by far the largest land conservation success through acquisition in the Land Trust’s 30-year history.
Atlas Engineered Products has completed the acquisition of selected assets of Trusstem Industries Inc., marking a major milestone in AEP's plans for expansion into the Lower Mainland region of British Columbia, Canada.
Enviva Partners, LP has completed the acquisition from its sponsor of Enviva Pellets Greenwood Holdings II, LLC, which, through its wholly owned subsidiaries, owns a wood pellet production plant in Greenwood, South Carolina.
Holmen signed an agreement to acquire Martinsons, one of Sweden's leading players in sawn and processed wood products. The purchase price is SEK 1.0 billion ($111 million) for 100% of the shares.
Solenis LLC completed the acquisition of 100% of the outstanding shares of Poliquímicos, S.A. de C.V. The business will be integrated into Solenis as part of its direct-to-market strategy.
The selected assets will be purchased at a price of $350,000, payable in cash, with 50% of the purchase price to be paid on closing and the remaining 50% payable in equal monthly installments over 3 years.
T&R Lumber had approximately $31 million in sales in 2019 and will become an affiliate of the UFP Industrial business segment. Phil Guardia, president of T&R, will continue to run the company.
American Construction Source announced the acquisition of Weaver Lumber. Weaver will continue to operate under its existing local brand name of Weaver Lumber.
American Forest Management acquires South Rivers Forestry Consultants LLC (SRF), a family-owned forestry consulting business started by Jess and Valerie Crawford in 2006.
American Forest Management announces the sale of approx. 11,774 acres of Texas timberland. The property, known as Lusk Timberlands, was sold via a sealed bid. The buyer intends to continue to manage the property for timber production.
CCL Industries Inc. has acquired InTouch Label and Packaging Co., Inc., a specialized short-run digital label converter based near Boston, Massachusetts .
With effect from July 1, 2020, Papier Union GmbH and Papyrus Deutschland GmbH & Co. KG have merged and will now operate under the brand Inapa Deutschland GmbH.
Aurora Energy Solutions, LLC acquired Superior Pellet Fuels. Aurora Energy Solutions plans to invest in new infrastructure that will make operations more efficient and provide greater quality control.