Canadian billionaire Jim Pattison, whose conglomerate owns businesses including supermarkets, fisheries and billboards, offered to take lumber producer Canfor Corp. private for about C$981.6 million ($742 million). The stock surged in response.
With the deadline looming for the province's largest pulp and paper mill to close an integral part of its operations, the union representing thousands of forestry sector workers is renewing its push for the government to let the mill build a controversial new wastewater treatment facility.
The job openings were announced as the company is in the midst of a $115 million investment at the plant in Fox Crossing, part of a commitment that the company made as the recipient of a $28 million package of state tax incentives in late 2018 to keep the plant open.
The Company is planning to make the investment in either Ohio or Michigan, subject to a number of conditions, including environmental permitting and negotiations currently underway relative to government incentives and labor relations.
Chile's CMPC tissue paper subsidiary Softys announced on Tuesday that it has reached an agreement to buy Paraná, Brazil-based Sepac for a little over $300 million. The deal will create the largest company in this segment in Brazil.
The United Steelworkers (USW) union joined with several domestic paper producers in filing a request with the U.S. Department of Commerce to address the circumvention of existing antidumping and countervailing duty orders on uncoated paper imports.