Mergers & Acquisitions

Twin Rivers Paper Company has acquired Potsdam Specialty Paper Inc. (PSPI), a manufacturer of specialty latex, acrylic and saturated base papers, in a move that adds 26,000 tons of annual production capacity.

Domtar said in a statement that it is exploring a variety of possibilities for the future of the waterfront site, and North Cowichan Mayor Rob Douglas said a number of interested parties have contacted the municipality directly looking to buy the site for a range of potential uses, including manufacturing, energy production, and other industrial purposes.

The transactions further advance UFP Industries' capital allocation strategy, which prioritizes investments in core, higher-margin businesses, disciplined M&A, and the expansion of manufacturing capacity in markets that support national customers across packaging and industrial end uses.

UFP Industries announced the acquisition of the operating assets of John Rock, Inc., a new pallet manufacturer headquartered in Coatesville, Pa., for approximately $48 million. The transaction fills a key gap in PalletOne, Inc.'s geographic reach and strengthens UFP Packaging's ability to serve national customers with a presence in the northeast region.

UFP Industries announced the acquisition of the operating assets, including real estate, of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota for approximately $20 million.

Based on the strategic review, the Board of Directors of UPM has approved a demerger plan concerning a partial demerger of UPM. According to the demerger plan, UPM will demerge so that all assets and liabilities of UPM relating to the UPM Plywood business area, or mainly serving the UPM Plywood business area, are transferred to WISA Group Plc ("WISA Group"), a company to be established in the demerger (the "Demerger").

Stora Enso Oyj has entered into an agreement with Prinzhorn to sell three box plants in Germany with 240 million cubic meters of corrugated capacity, approximately 125,000 tonnes.

IP expanding capabilities to serve the growing West Coast region.

The transaction remains on track to close in the second half of 2026, subject to the receipt of regulatory approvals and satisfaction of other remaining customary closing conditions.

Sealed Air is now a privately held company and its shares have ceased trading on the New York Stock Exchange.

Rayonier announced that it will maintain the Rayonier name after a thorough review of alternatives following its recent merger of equals with PotlatchDeltic, while also introducing a new corporate logo that reflects a fresh brand identity for the combined company.

Norsk Nukleær Dekommisjonering has agreed to acquire certain properties at the Norske Skog Saugbrugs industrial site in Halden, a transaction valued at approximately NOK 720 million ($74 million) net.

According to River Development Equities, it plans to revitalize the paper mill and several surrounding properties, including the former Liberty Steel Mill, into a mixed-use space. It would have hospitality, residential, industrial, and commercial uses.

In connection with the closing of the Arrangement, the Canfor Pulp Shares are expected to be delisted from the Toronto Stock Exchange as of the close of market on March 18, 2026, and Canfor Corp intends to cause Canfor Pulp to apply for an order to cease to be a reporting issuer under applicable Canadian securities laws.

The company said the special resolution approving the arrangement received support from 96.02% of shareholders voting at a special meeting, and 84.42% of votes excluding those of the purchaser and its affiliates.

Smurfit Westrock, the world's largest integrated paper-based packaging company, with operations in 40 countries across Latin America, North America, EMEA & APAC, has completed an asset purchase agreement of Cartomanabí, one of the main corrugated packaging companies in Ecuador.

Western Forest Products Inc. and Qwoqwnes Forestry Holdings Limited Partnership, an entity beneficially owned and controlled by Tla'amin Nation ("Qwoqwnes"), have reached an agreement for the purchase by Qwoqwnes of a 100% ownership interest in the assets comprising Western's Stillwater Forest Operation, located near Powell River, British Columbia ("BC"), for an aggregate purchase price of $80.0 million (the "Transaction").

Södra has reached an agreement to divest its shares in Sunpine AB to VAROPreem. The transaction is pursued together with shareholders Sveaskog AB and Lawter B.V., a subsidiary of Harima Chemicals Inc., and is now undergoing the necessary approvals before it can be completed.

BTG Pactual Timberland Investment Group, one of the world's largest timberland investment managers, has acquired approximately 107,000 acres of sustainably managed timberlands in Central Virginia from the Weyerhaeuser Company.

With the extensive sales and export experience of both NPI and PF in Australia and New Zealand, the newly established NF Wood Fibre joint venture is well positioned to fully leverage these combined strengths and to further expand the forestry and timber businesses of both partners.

Cascades Inc. announces the discontinuation of its activities in the honeycomb paperboard and partition packaging product sectors. As a result, its three plants located in York, PA, and Saint-Césaire and Berthierville, QC, will be closed.

Pack4 operates facilities in Lawrence, Massachusetts and Puerto Rico. The company specializes in custom protective packaging products, including foam, corrugated, tapes, bags, and stretch wrap, and serves a diverse range of industries with a focus on quality and service.

Edgewell Personal Care Company announced that it has completed the sale of its feminine care business to Essity, a leading global health and hygiene company based in Sweden, for $340 million. Edgewell intends to use the net proceeds from the sale, after taxes and transaction costs, primarily to strengthen its balance sheet and pay down the balance of U.S. revolving credit facility while continuing to invest in the long-term growth of its core businesses.

The company intends to announce a new name and ticker symbol later in the first quarter of 2026.

Kimberly-Clark, which makes Scott toilet paper and Huggies diapers, said in June that it struck a $3.4 billion deal to sell most of its international tissue business to Brazil's Suzano, creating a joint venture in which it would hold a 49% interest. The companies said at the time Suzano would also have the option to purchase Kimberly-Clark's remaining ownership interest in the future.