|
1985
|
| JANUARY |
St. Regis merged with Champion International. |
| Olin Corp. agreed to sell its Ecusta
cigarette paper & fine printing papers business for about $130
million in a leveraged buyout to a group which included Ecusta
mgt. |
|
|
| FEBRUARY |
James River Corp. said it would buy Ozalid Corp. |
|
| Boise Cascade signed an agreement to sell its Envelope
Division to Great Northern Nekoosa Corp. |
|
| Butler Paper Co. said all its divisions, not already
operating as Butler, would come together under the Butler name
during the month. Eighteen locations, except Chatfield Paper Co.
took the name change. |
|
|
| MARCH |
GNN closed the Boise Cascade Envelope Division acquisition. |
|
| American Can said it would buy Champion International’s
flexible packaging operations. |
|
| Ampad Corp. signed an agreement to buy Huron Office
Products. |
|
| James River said it wouldn't buy Ozalid's paper
& film assets, after all. |
|
|
| APRIL |
Alco Standard Corp. acquired Saxon Industries, NYC. |
|
| Papercraft Corp. was to be acquired in a $240 million leveraged
buyout by a new corp. |
|
| Pentair, Inc. completed the sale of Huron Office Products to Ampad
Corp., Holyoke, MA. |
|
|
| MAY |
Champion International sold three businesses. Its envelope mfg.
operations, Federal Envelope, National Envelope, and Buffalo Envelope
Co., Chicago. |
|
| Champion’s Laminated & Coated Products
operations were sold to a new company. |
|
| Champion’s Setterstix, a rolled paper stock
mfr., was sold to Dyson-Kissner-Moran Corp., NYC. |
|
| Chesapeake Corp. acquired Plainwell paper and
Wisconsin Tissue Mills, wholly-owned subsidiaries of Philip Morris’
Nicolet Paper Co., DePere, WI. |
|
| Leslie Paper said it would buy Chicago Paper Co. |
|
|
| JUNE |
Ampad Corp. agreed to acquire the assets of James River’s
Campbell Stationery Division by the end of the year. |
|
| Century Papers, Houston, bought Cardinal Paper Co., Oklahoma City. |
|
| GNN said Butler Paper would become its fifth operating division
on July first. Butler and Mail-Well Envelope make up the new,
separate division. |
|
|
| JULY |
Hobart/McIntosh Paper Co. acquired Bouer Paper
Co., Shorewood WI. |
|
| New company, U.S. Plywood Corp., would be formed. |
|
| Champion had earlier announced the sale of Hennepin
Paper Co., plans to sell its kraft paper mill in Tacoma, WA to
Simpson Paper. |
|
|
| AUGUST |
Sir James Goldsmith won control of Crown Zellerbach’s board. |
|
| Olin Corp. sold its cigarette paper & fine printing paper business
in Pisgah Forest, NC to newly-formed Ecusta Corp. for about $125
million. |
| American Can sold all of its shares in James River for about $161
million and Ampad Corp. completed the acquisition of James River’s
Campbell Stationery Div. for about $4.5 million in cash and the
value of Campbell’s inventory. |
| SEPTEMBER |
Georgia-Pacific said it would acquire the convenience products division
of Riegel Textile Corp. |
| Scott Paper Co. purchased all 12,036,167 shares
or 24.9% of the outstanding common stock held by Brascan Ltd. |
| OCTOBER |
Stone Container agreed to buy the major portion of Champion International’s
packaging businesses, leaving Champion mainly a paper products
company. |
| Georgia-Pacific sold its paper mill in Lyons Falls, NY to Swiss-owned
Elcon, Inc. |
| Crown Zellerbach was discussing the sale of some assets to James
River. |
| NOVEMBER |
Potlatch Corp. bought back a block of its shares from First City
Financial Corp., controlled by the Belzberg family, thus ending
the family’s takeover bid for the company. |
| Jefferson Smurfit to buy 80% of Times Mirror Unit. |