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Verso does not intend to make any additional comments regarding the proposal or any other related matter or potential transaction unless and until it is appropriate to do so or a formal agreement has been reached.
A Brazilian judge has authorized pulp maker Paper Excellence to conclude the acquisition of Eldorado Brasil Celulose SA, the Brazilian company said in a securities filing.
William Douglas Gregg was killed in a workplace accident at the J.D. Irving Sawmill in Feb. 2016.
Atlas Holdings LLC, in a filing with the Securities and Exchange Commission said the company is offering $20 per share for Verso's outstanding stock shares, buying out Verso entirely. The estimated value of the company is $866 million, according to Atlas Holdings.
Interfor Corporation has completed the previously announced transaction to acquire four sawmill operations from Georgia-Pacific, located in Bay Springs, Mississippi; Fayette, Alabama; DeQuincy, Louisiana and Philomath, Oregon.
Paper Excellence, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, announced that Paper Excellence and its subsidiaries ("Paper Excellence") have received a debt commitment letter from leading financial institutions for the commitment of an aggregate of $1.95 billion of financing.
Sens. Kirsten Gillibrand and Charles Schumer wrote a joint letter to Mario Plourde, president and CEO of Quebec-based Cascades, saying "the contractual negotiations must be done in good faith in the effort to forge a fair contract and working conditions."
According to a release from the Governor, the bill would require the governor to allocate $65 million in federal funds under the American Rescue Plan Act to finance the purchases of the Verso Paper Mill in Wisconsin Rapids and the Park Falls Pulp and Paper Mill in Park Falls.
Indianapolis will provide a central location from which Truvant can service 75% of the North American marketplace in less than 24 hours.
If you are looking for goods and services in the pulp and paper industry, you need to check out the Paperitalo Directory!
In its nearly 700-page motion, New-Indy Containerboard cited three reasons why a judge should dismiss the first lawsuit filed against them back in May.
Based on the progress of Project Horizon, the Company now expects to permanently shut down its Hartsville #1 and #9 URB cylinder machines which will reduce annual capacity by approximately 70,000 tons. The exact timing of the closures will depend on market conditions as well as the start-up of the converted Hartsville #10 machine.
The forestry company says it is conducting a "modified Dutch auction" with a tender price range of $85 to $98 per share.
Norske Skog has expanded its partnership with Ocean GeoLoop to support development, testing and commercialisation of their highly promising Carbon Capture, Storage and Utilisation (CCS/CCU) technologies. Through this partnership, Norske Skog aims to pursue the opportunity to become CO2 net negative, and to explore economically viable models for utilisation of biogenic CO2.
Mayr-Melnhof Packaging is investing around Euro 35 million in Neupack Polska and expanding the site with a focus on e-commerce and high-quality fine corrugated cardboard (microflute).
The transaction, expected to close before the end of 2021, implies an enterprise value for Solenis of $5.25 billion. CD&R and Solenis management currently collectively own 51% of Solenis, and chemical company BASF holds the remaining 49%. Both CD&R and BASF will fully exit Solenis as part of the transaction announced today.
Crews cleared just prior to 3:00 a.m. Saturday.
Essity will invest approximately EUR 11m (approximately SEK 110m) in its Hondouville mill in France, allowing to extract 98% of paper fibers contained in food and beverage cartons.
The new 375,000-square-foot facility will be called Roanoke Valley Lumber and will be located on approximately 200 acres of land in Halifax County. Construction on the state-of-the-art sawmill is expected to begin in the first quarter of 2022, with startup scheduled for later that year. Roanoke Valley Lumber will be one of the highest-capacity sawmills on the East Coast, capable of producing as many as 400 million board feet of dimensional lumber per year.
Cascades Inc. is pleased to announce that it has entered into an agreement with an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, "Apollo") to sell its 57.6% equity interest in Reno De Medici S.p.A. ("Reno de Medici", or "RDM") for an all-cash price of €1.45 per share, corresponding to a total net cash consideration of approximately €315.3 million (approximately CAN$461 million).
Neenah, Inc. announced a number of operational changes consistent with the Company's commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders.
The bill passed 63-35 in the Assembly and 20-12 in the Senate. It would allow the Wisconsin Economic Development Corporation to provide a timber cooperative, which is made up of people throughout the timber industry in the state, a $50 million loan to purchase the Verso Mill in Wisconsin Rapids and a $15 million loan to purchase the Flambeau River Papers Mill in Park Falls.
Neenah, Inc. announced a number of operational changes consistent with the Company's commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders.
Flexo is a manufacturer of stock, custom and recycled paper bags, and sacks. A family-owned business, Flexo was founded in 1994. It is headquartered and has a manufacturing facility in Meriden, CT and an additional plant in Monroe, GA.
Asaleo Care manufactures and markets Personal Care and Professional Hygiene products in Australia, New Zealand and Fiji and Consumer Tissue in New Zealand and Fiji.
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