2005
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 .
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.
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.