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.

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.

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.

Holmen acquires Martinsons

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.

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.

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.