One of the few remaining independent paper merchants in the American Southwest, Clampitt Paper Company was founded in 1941 by Max and Mary Nell Clampitt, and it remains a family owned business today. With 10 locations plus 11 retail stores (FasClampitt), Clampitt serves customers across Texas, Oklahoma, New Mexico, Kansas, Missouri and most recently, Colorado.
Apollo announced that funds managed by Apollo affiliates have completed the acquisition of a majority stake in Novolex Holdings LLC, a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by Carlyle. Carlyle will retain a minority stake in the Company.
Groupe Lebel will continue its $40 million investment program by building a brand-new wood pellet plant on the Cacouna site, Quebec, Canada, it has occupied since 2002.
Huhtamaki has decided to initiate the process to divest its operations in Russia. This follows an earlier decision to stop all investments in Russia at the outbreak of the invasion of Ukraine. Huhtamaki considers that the current evolution of the situation and the long-term outlook in Russia will prevent the realization of its growth strategy and long-term ambitions in the country.
UPM and the Paperworkers' Union have not been able to come to new collective labour agreements. Today, April 14, the union turned down four settlement proposals submitted by the conciliator. The exceptionally long strike at UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland continues.
Saica Group has started its production of corrugated packaging in its new plant in Hamilton, Ohio. The Hamilton facility is Saica's first U.S. corrugated plant, a newly-built 360,000 square-foot building, which includes manufacturing, converting and production areas, along with a warehouse and office space.
Metsä Group has signed a site maintenance contract with TiMi Tec Oy for the Kemi mill site, Finland. The agreement covers the site maintenance for the Metsä Fibre new bioproduct mill and Metsä Board's Kemi board mill.
