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2002
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| JANUARY |
SCA
Tissue N. America LLC acquired Encore Paper Co. of S Glens Falls,
NY for $92 billion on a debt free basis. |
| Leader Paper
Products acquired Papercraft Inc. Papercraft will retain its name
and be run as an ind. Subsidiary of Co.
William and Robert Buege will continue involvement with
day-to-day operation, most employees will remain. |
| Bunzl Distribution
Inc. has acquired the Eastern Paper division of EPC Industries
in Canada, a distributor to supermarkets and Packers Engineering
& Equipment, a food processor supplies business based in Omaha,
NE. |
| Pactiv Corp.
announced the sale of its single-faced corrugated business to Palm
Industrie Beteiligungs GmbH Co. KG. Terms of the deal were not
disclosed. |
| Sonoco has
purchased the assets of Pac One’s flexible packaging operation
in New Hope, MN. The purchase price was not disclosed. |
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| FEBRUARY |
Piedmont National of Atlanta,
GA has signed a definitive agreement with American Packaging Systems
of Montgomery, AL to acquire American’s assets. |
| Willamette has decided to continue
negotiations with Georgia-Pacific Corp. regarding combining both
companies’ building materials businesses. Willamette also
announced rejection of a $55 per share offer from Willamette. |
|
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| MARCH |
Efficient Foodservice
Response (EFR) & Uniform Code Council (UCC) have developed
a partnership with a goal to develop electronic standards for the
food distribution industry to be adopted by operators, distributors,
and manuf. |
| SCA acquired
Italian tissue comp. CartoInvest-becoming the leading European
producer of tissue to retail grocery. |
| Weyerhaeuser
and Willamette sign definitive merger agreement.
Weyerhaeuser will acquire all outstanding shares for $55.50
p/s., and assume approx 1.7 billion of Willamette debt. |
| Temple-Inland
Inc. announced new tender offer to acquire Gaylord Container Corp.
under a merger agreement. |
| Ranpak Corp.
announced completion of acquisition and refinancing arrangement
with First Atlantic Capital, which will have a controlling interest
in stock, but key members of management will remain shareholders.
|
| International
Paper announced due to unfavorable economic conditions, it will
shut down the lumber mill in Morton, MS. |
| Smurfit-Stone
announced decision to combine its Consumer Packaging and Specialty
Packaging businesses into one organization to be called the Consumer
Packaging Division. |
|
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| APRIL/MAY |
Sappi Ltd. reached agreement
to acquire potlatch Corp.’s coated fine paper business and
its Cloquet, MN pulp and paper mill for US $480-million in cash. |
| Weyerhaeuser Co. completed its
acquisition of Willamette Industries. As of March 14, Willamette Industries became a wholly owned subsidiary
of Weyerhaeuser and share of Willamette common stock not held by
Weyerhaeuser were converted into the right to receive $55.50 in
cash without interest when surrendered for payment. |
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| JUNE |
International
Paper entered into a purchase and sale agreement to sell its Decorative
Products Division to an affiliate of Kohlberg & Co. |
| PaperlinX Ltd.
reached an agreement to acquire La Papeterie LP Turgeon Inc. |
| Yupo Corp.
America purchased In-Mold
Label and Non-Label Specialty Paper from Kimberly-Clark Corp. |
| Temple-Inland
Inc. completed the tender offer for shares and notes of Gaylord
Container Corp. |
| Spinnaker Coating’s
assets have been purchased by WR Capital Partners, thus removing
Spinnaker’s pressure sensitive label stock business from
bankruptcy proceedings. A newly formed entity, Spinnaker Coating,
LLC, will operate the business. |
| Cauthorne Paper
Co., Richmond, VA, purchased slitting and rewinding assets (two
machines) from Hodge Converting Co., Greensboro, NC. |
| Gould
Paper Corp. acquired 100% of the stock of WWF International UK
Ltd. and its subsidisary, WWF Paper Sales UK Ltd. |
| PaperlinX
signed an unconditional agreement to acquire UK based Bunzl Find
Paper from Bunzl pc for approximately $211 million (US $), excluding
costs. |
| Intuit
Inc. (financial software provider and web-based services) signed
a definitive agreement to acquire Eclipse, Inc., provider of business
management software solutions for wholesale durable goods distributors. |
| Sappi
announced it met all legal and regulatory requirements with its
purchase from Potlatch Corp. of its printing papers division as
well as the Cloquet pulp and paper mill in Duluth, MN. |
| Pactiv
Corp. completed the acquisition of Winkler Forming, Inc. for $72.5
million. |
| JULY/AUGUST |
UPM-Kymmene
Corporation will acquire MACtac, the pressure sensitive materials
business from the U.S. based Bemis Company Inc., for USD 420 million.
At the same time, under separate agreement, UPM-Kymmene will sell
its plastic films manufacturer, Walki Films, to Bemis Company,
Inc. for USD 70 million. |
| Georgia-Pacific
Corp. agreed to sell 60% interest in its Unisource Worldwide paper
distribution subsidiary to Bain Capital (a global private investment
firm).
|
| Industrial
Packaging Corp. (IPC), Atlanta, GA, acquired the Georgia and Alabama
operations of Alles of the Carolinas, Inc. |
| NxTrend
Technology, Inc. acquired CorpDNA, a provider of Customer Relationship
Management (CRM) solutions. |
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