Mayr-Melnhof Group has agreed to acquire Kotkamills Group Oyj (“Kotkamills”) from its shareholders for an Enterprise Value of around EUR 425 million, representing ca. 7.8x LTM EBITDA. The addition of Kotkamills will grow MMK’s position in the attractive virgin fiber based cartonboard (FBB) and Food Service Board (FSB) market, complementing its established position in recycled fiber based board. The proposed transaction will be immediately accretive to earnings. Kot

Stockholders of Domtar Corporation today approved a proposal to adopt a business combination with Paper Excellence B.V. (“Paper Excellence”) whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021 (the “Merger”). The adoption of the Merger required the affirmative vote of stockholders hol

A.Celli Paper, together with the Smurfit Kappa Roermond Papier team, has successfully rebuilt and started up the PM3 of the Roermond plant dedicated to the production of packaging paper. A.Celli Paper announces the completion of the rebuilt PM3 start up on the 24th of June, with total satisfaction of our client, Smurfit Kappa Roermond Papier, both for the performance achieved and for the compliance with the planned program, despite the difficulties related to the global pandemic.

BillerudKorsnäs is in a process with the aim of divesting the paper mill in Beetham, UK. The process is ongoing and no binding agreement to divest the mill has yet been entered into. Since BillerudKorsnäs’ machine glazed (MG) paper business has primarily been focused in Skärblacka, the strategic importance of Beetham to the rest of the group has been reduced. Beetham produces kraft paper for packaging of medical equipment, food packaging and other types of indus

Pactiv Evergreen today announced that the Company has made the difficult decision to exit the coated groundwood paper business. As a result, the Company will permanently cease production of coated groundwood paper at its Pine Bluff, AR location. The Company will continue to strategically invest in the Pine Bluff mill, which will remain an essential facility in the Pactiv Evergreen operations network, serving the fiber-based beverage packaging market. “With the decline in the c

International technology Group ANDRITZ has received an order from ST Paper to supply a new tissue machine for its recently acquired site in Duluth, Minnesota, USA. Start-up is planned for the end of 2022. The ANDRITZ tissue machine of the type PrimeLineTM W 2000 has a design speed of 2,000 m/min and a working width of 5.65 m to produce a range of bath, napkin and towel grades. The order includes: the approach flow equipment with double dilution capability

Sustainable packaging leader DS Smith’s paper mill in southeast Georgia has earned top honors as an industry leader in energy efficiency. The International Organization for Standardization (ISO) recently recognized DS Smith’s mill in Riceboro, the first ISO-50001 certified facility in the pulp, paper and paper products industry in North America. It’s one of only 145 sites in the U.S. to have received that certification since the ISO’s program began

Metsä Board, part of Metsä Group, invests EUR 210 million in increasing folding boxboard capacity at its Husum mill in Sweden. The company is responding to growing demand for sustainably produced packaging materials that support the circular economy. The investment strengthens Metsä Board's position as the leading producer of folding boxboard in Europe. Metsä Board has made an investment decision to increase the annual folding boxboard capacity by 200,000 ton

Sappi Europe announces a price increase for Transjet, Basejet and Inkjet grades by 8-12 % valid for deliveries from 1 September 2021. The unprecedented and ongoing rise of raw material costs, particularly pulp, chemicals and energy in combination with extremely high freight rates makes price adjustments unavoidable. Sappi’s sales team will be in contact with customers to discuss the detail and support the implementation. About Sappi

Today at Fiber Connect 2021, the Fiber Broadband Association (FBA) announced it has created the Research Advisory Program, a new independent research organization led by former Gartner Principal Analyst Deborah Kish to quantify and qualify the economic, societal and community impact of fiber broadband in the U.S. and Latin America. The FBA launched three new white papers including The Market Has Spoken, The Future of Work and Fiber is the Fundamental Technology for 21st Century Communications