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2001
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| JANUARY |
National
Chemical Laboratory announced it acquired the Dynasurf Corp. (manufacturer
of floor & carpet care and allied sanitary maintenance products)
of Baltimore, MD. |
| Georgia-Pacific
completed its acquisition of Fort James Corp. |
| Paperloop.com
and PacificNet Holding Corp. (parent of ChinaPaperOnline.com) announced
they have reached an agreement in principle to form a strategic
alliance. |
| Ambrose International
announced the partnering of Cordage Paper Co. of Nashville, to
be known as Cordage Papers of Tennessee. |
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| FEBRUARY |
Perkins Paper, Tauton, MA, a
privately owned wholesale distributor, announced acquisition of
the foodservice division of Unisource branch in Southborogh, MA,
effective immediately |
| Paperloop.com (business &
info exchange) finalized the acquisition of Resource Information
Systems, Inc. (a source for economic forecasts & analysis of
international paper and forest products industry. |
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|
| MARCH |
Avery Dennison
Corp. announced it acquired Dunsirn Industries, Inc., a privately
held company in Neenah WI (a provider of non-pressure-sensitive
materials to the narrow web printing industry, customized slitting,
and distribution services for roll materials manufacturers. |
| Gordon Paper
Co. acquired trademarks for the Peachtreat and Gardenia Butcher
papers from International Paper Co.
IP will continue to manufacture both Peachtreat & Gardenia,
but the papers will now be available exclusively through Gordon
Paper. |
| Williamhouse,
acquired by National Envelope last November, became a wholly owned
subsidiary of Natl Env., but continues to operate as a separate
company with its own management. |
| Port Townsend
Paper Corp. entered into an agreement with Crown Packaging Ltd.
to purchase the assets of Crown’s traditional packaging divisions
for a cash purchase price of US $61.5 million, subject to post-closing
adjustments. The transaction is scheduled to complete
this month. |
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| APRIL/MAY |
Arjo Wigins Appleton p.l.c. and
the management of its wholly owned subsidiary, Appleton Papers
Inc., have agreed to explore an ESOP-sponsored purchase of Appleton
papers. |
| Dade Paper & Bag Company,
independent wholesale distributor in the Southeast, acquired Empire
Paper Company in Atlanta, GA. |
| Ali Samani recently announced
the establishment of “East West Group, LLC” a partnership
between himself and Russell-Field Paper Co., Inc. for the promotion
and sale of specialty laminated products to the graphic arts community
in North America. |
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|
| JUNE |
PaperlinX Limited
(parent co. of Spicers Paper Inc.) announced an agreement to acquire
Coast Paper, an independent paper merchant in Canada. |
| Domtar Inc.
in Canada is in talks to buy four paper mills from Georgia-Pacific
Corp. |
| International
Paper announced the signing of a purchase agreement to sell its
Flexible Packaging Business to a company sponsored by The Sterling
Group, L.P., a Houston, Texas-based equity firm. |
| JULY |
International Paper announced
the acquisition of Nextier Solutions Corp., a developer of web-based
collaborative commerce solutions for the global paper, printing,
catalog and magazine publishing industry. |
| Johnston Paper Co., Inc.(privately
owned wholesale distributor of foodservice disposables, jan/san,
industrial packaging & health-care supplies) of upstate New
York, acquired Cortland paper Co. |
| UPM-Kymmene Corp., Helsinki,
Finland, agreed to acquire all of the shares of German papermaker
G. Haindl’sche Papierfabriken KGaA. |
| Walden-Mott Corp. acquired the
assets of Puplandpaper.net, LLC a provider of online industry information. |
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|
| AUGUST |
Dade Paper
Co., Miami, FL, announced the signing of an agreement for the assets
of G. Gonzales Wholesale Inc., Miami, FL. |
| Bunzl plc (parent
co. of Bunzl Distribution, St. Louis, MO) announced it entered
into an agreement with British Polythene Industries PLC to purchase
its United Kingdom bag supply business. |
| Bunzl Distribution
announced it is expanding its Canadian operations with the acquisition
of Godin, a distributor of packaging and maintenance supplies to
supermarkets, food processors and industrial companies, based in
Quebec. |
| Georgia-Pacific
Corp. and privately held Gulf State Paper Corp. have agreed to
dissolve their joint venture for the sale and marketing of solid
bleached sulphate (SBS) paperboard. |
| Inland Paperboard
and Packaging, Inc. was acquired from Chesapeake Corp. on May 18,
2001 and changed its name to InPeake Packaging, Inc. (formerly
called Chesapeake Packaging Co. and Capitol Packaging Corp.). |
|
| SEPTEMBER |
Gould Paper Corp and WWF Paper
Corp reached an agreement on their joint venture. The name of the new company will be Global
Forest Group LLC. The new
venture is expected to close before the end of the third quarter. |
| Sonoco, a global packaging company,
signed a definitive agreement to purchase US Paper Mills Corp.
|
| OCTOBER |
The
Mead Corp and Westvaco Corp agree to $10 billion merger, creating
a global company with leading positions in packaging, coated and
specialty papers, consumer and office products, and specialty chemicals.
The new company will be called MeadWestvaco Corp. The companies
expect to close the transaction fourth quarter 2001. |
| Hudson Valley
Paper Co. and Plymouth Paper Co. have entered into agreement in
which Plymouth will operate as a division of Hudson Valley at its
current location in Massachusetts.
The Plymouth name will be retained. |
| American Tissue
Inc. and its domestic subsidiaries, have filed for Chapter 11 protection. |
| NOVEMBER |
Fox River Paper has announced
it will acquire Mead Corp’s Gilbert Paper Co. Fox River Paper will produce and sell all
of the Gilbert Paper Co products as part of a separate branding
strategy. Mead will have
20% interest in the combined company.
The acquisition is expected to be complete by end of this
month. |
| Clark National Inc. has acquired
certain assets of Flesch’s Paper Serv., Inc. effective Sept.
25, 2001. Flesch’s operates as an ind. paper merchant specializing
in foodservice disposables for the Minneapolis-St.Paul marketplace.
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| Temple-Inland Inc. and Gaylord
Container Corp. have signed a definitive merger agreement in which
Temple will acquire Gaylord. Total consideration for agreement
is approx $786 million. |
| DECEMBER |
Employees of Appelton Papers
Inc. have purchased all of the stock of the specialty coated paper
product manufacturer from its European parent.
Transaction is valued at $810 million, making it one of
the largest employee buyouts in US corporate history. |
| Spinnaker Industries,
Inc. announces it has commenced voluntary proceedings under Chapter
11 to facilitate its financial reconstruction. |
| Scheufelen
North America Inc., announced the addition of Consort Royal and
Gleneagle to its premium coated papers.
Sept. 4, 2001 Schuefelen purchased companies’
remaining inventory from Donside’s Delaware facility. |
| Paperloop.com
and ForestExpress formed a strategic marketing agreement to leverage
e-comm., content and serv. |
| Mafcote Inc.’s
merger of two of its divisions, Miami Valley Paper Co. and Wabash
Paper Co., has created a new coating and converting business unit
called Miami Wabash Paper LLC.
The two will continue to operate in separate locations,
but will now offer a larger variety of fine coated specialty papers.
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