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2005
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| JANUARY |
Green Bay businessman Greg Santaga officially became the owner
of Hattiesburg 's former Kimberly-Clark paper converting plant, a deal that
was roughly eight months in the making between him and the Dallas-based hygiene
products corporation. The
acquisition sets the stage for what Santaga hopes will be future expansions... |
| SMART Papers, LLC today said it has signed an asset purchase agreement with Toronto-based
forest products company Fraser Papers to acquire Fraser Papers' pulp and papermaking
operations in Park Falls , WI , as well as a 470,000-square foot converting,
distribution and customer service facility in West Chicago , IL . |
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| Infor Global Solutions, a supplier of enterprise software solutions to select
manufacturing and distribution industries, has acquired Mercia Software a wholly
owned subsidiary of Finmatica. Mercia adds 115 employees and 250 customers to
Infor's 13,000 current customers and 1,800 employees. |
| Neenah Paper, Inc. completed a tax-free spin-off from Kimberly-Clark Corporation
on November 30, 2004 . Technical Paper, producer of specialty latex-saturated
and coated papers, is now part of Neenah Paper, Inc. |
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| MeadWestvaco Corporation announced yesterday that it has reached a definitive
agreement to sell its Papers business and associated assets for $2.3 billion
to a new company controlled by Cerberus Capital Management L.P., a private, New
York-based investment firm. |
| Stora Enso is in negotiations to acquire a leading French
paper merchant, Papeteries de France (PdF), from International Paper. PdF,
which has net sales of about EUR 160 million from a sales volume of some 160 000
tonnes of paper, would become part of the Stora Enso Merchants division. The
acquisition is expected to be closed at the end of March 2005. |
| Appleton announced today that it has acquired New England Extrusion, Inc. a privately-held
company that manufactures single and multilayer polyethylene films for packaging
applications. |
| Cascades Inc. (CAS-TSX), announces the purchase of the folding carton business
of Dover Industries and is expanding its presence in eastern Europe by opening
of a new sales office located in Obninsk, 90 km south west of Moscow . |
| Packaging World announced the proposed merger of the OMAC* Users Group (of which
the OMAC Packaging Workgroup is a subset) with the ISA . |
| CTI Paper USA has announced the acquisition of the Currency and Jazz grade line
and trademarks from Appleton . Currency and Jazz are well-established coated
colored text and cover brand names. |
| The Kent H. Landsberg Compamy, a Division of Amcor Sunclipse North America, announced
the merger of Kent H. Landsberg and AmeriPak, a Cranbury, NJ-based distributor
of packaging materials and industrial supplies. |
| FEBRUARY |
Eastman Kodak Company (NYSE: EK) today announced that it has entered into a definitive
agreement to acquire Creo Inc. (NASDAQ: CREO, TSX: CRE), a premier supplier of
prepress systems used by commercial printers worldwide. |
| MARCH |
Stora Ensel has announced it is in negotiations to acquire French paper merchant
Papeteries de France from International Paper. PfF would become part of the Stora
Enso Merchants division, Papyrus. The acquisition is expected to be closed at
the end of March 2005. |
| NASSCO Inc., a member of The United Group, acquired the assets and customer list
of Dillon Inc., Green Bay , WI , during the fall quarter of 2004. |
| NASSCO Inc. acquired the distributing division of Advance Cleaning Products
Inc., Milwaukee , in October 2004.
Advance Cleaning Products supplies janitorial products. |
| Tomar Industries, a member of The United Group, acquired First Liberty, a packaging
distributor originally headquartered in Flanders , NJ . |
| Tomar Industries earlier acquired Battleground Maintenance, a janitorial company
in Freehold, NJ; Clason Industries, a janitorial distributor in Dover, NJ, and
Great Atlantic Paper Packaging Corp., a packaging distributor in Brooklyn, NY. |
| APRIL |
Cascades Inc. has agreed to acquire the assets of the packaging division of Dover
Industries Limited, located in Burlington , Ontario . |
| Mesirow Financial, Inc., a an investment services firm based in Chicago,
has served as the exclusive financial advisor to Menasha Corporation in the
recent sale of its Promo Edge label business to WS Packaging Group, Inc.
This transaction represents the 40 th packaging merger and acquisition transaction
completed by Mesirow Financial in the last several years. |