| FEBRUARY | Plainwell Inc. announced acquisition of Simpons Paper Co.’s Shasta mill in Anderson, CA. |
| International Paper completed its purchase of a majority interest in OAO Svetogorsk, a Russian-based pulp and paper business. | |
| Tenneco Packaging and Sentinel Products Corp. have formed a global joint venture to be called Sentinel Polyolefins L.L.C., owned equally by both companies. | |
| Kel-San, Inc. purchased Industrial Paper & Packaging Corp. effective February 5, 1999. | |
| MARCH | Belgravia
Paper Co. has completed the acquisition of Simpson Pasadena Paper
Co.’s San Jacinto Mill in Pasadena, TX.
The new company is named Pasadena Paper Co. |
| American Tissue Corp. bought the paper bag converting line of the Viking Bag Div. of Shurfine International, Inc., Pine Bluff, AR. | |
| Perkins
Paper Inc., Tauton, MA acquired F. DiZoglio & Sons, Inc. of
West Warwick, RI. |
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| Pioneer Eclipse Corp. (manufacturer of floor care equipment, chemicals and supplies) announced the formation of a business association with MicroNex Inc. of Cary NC (specializes in infection control products and services). | |
| APRIL/MAY | Inland
Eastex established a converter/distributor relationship with
Lakeland Paper Co., Sturgis, MI. |
| UGI Corporation and Unisource Worldwide, Inc. have announced their boards of directors have approved a definitive agreement for a stock-for-stock transaction. The transaction combines two national distributors to create one. Through its majority-owned subsidiary, AmeriGas Partners, L.P., UGI is the nation’s largest retail propane marketer. The combined company will operate in four core distribution businesses: propane, printing and imaging paper, packaging, and maintenance supplies. The companies anticipate the transaction will be completed by the end of June 1999. | |
| JUNE | Georgia-Pacific
Corp. and Unisource Worldwide, Inc. jointly announced each company’s
BOD approved a definitive merger agreement under which G-P will
acquire all outstanding shares of Unisource. |
| A W Mendenhall acquired the REDEX Redistribution Division of Nyco Chemical of Chicago, IL. | |
| Caraustar Industries, Inc. and Temple-Inland, Inc. agreed to form a new company, Premier Boxboard Limited (PBL) LLC. | |
| JULY | Henley Corp. (Greensboro, NC) announced it is being acquired by Atlantic Corp. of Wilmington (operates throughout the Carolinas as Atlantic Packaging). |
| Industrial Packaging Corp. purchased the assets of Stretchtec Packaging & Supply Co. The acquisition applies only to consumer accounts and none of the redistribution businesses. | |
| AUGUST | Rubbermaid
Commercial Products LLC & Johnson Professional Co., Ltd. (Japan)
announced strategic alliance for sales into the Japanese market. |
| Agrement reached for Weyerhaeuser Company to acquire MacMillan Bloedel Ltd. in stock transaction valued approx. $2.45 billion. | |
| Corporate Express announced it reached a purchase agreement to sell its wholly owned subsidiary, Sofco, Inc., to U.S. Foodservice. | |
| Acme Paper & Supply Co., Inc. has acquired Kayboys Complete, Inc. | |
| SEPTEMBER | Mead
Corp. signed agreement to acquire Devon Valley Industries, specialty
paper mill in southwest England, from Barlow International PLC. |
| Liberty Paper & Janitorial Supply Co. announced acquisition of Performance Janitorial Co., of Saddle Brook, NJ. | |
| U.S. Foodservice, Greensburg PA, announced that it has entered into a letter of intent to acquire Parkway Pennsylvania. | |
| Sonoco signed a definitive agreement to purchase the flexible packaging division of Graphic Packaging Corp., a wholly owned subsidiary of ACX Technologies, Inc. (Golden, CO). | |
| OCTOBER | PaperExchange.com (Boston, MA) acquired MPX, Inc. |
| Georgia-Pacific Corp. and Chesapeake Corp. signed letter of intent to combine G-P’s litho-laminating packaging business in a new joint venture. Closing is anticipated by the end of the fourth quarter 1999. | |
| Paper Supply Co., Bluefield, WV, recently acquired Lind Distributing. | |
| Peerless Paper Mills, Inc., announced its acquisition of Twincorp Master Distributor, Inc. | |
| Mead Corp. announced plans to divest its 50% ownership in Northwood Inc. (Prince George, BC). Canfor Corp. signed agreement to acquire Northwood from Mead and the joint venture’s other owner, Nexfor Inc. | |
| NOVEMBER | National Paper & Packaging, Cleveland, OH, has been acquired by Supplyone of Malvern PA. |
| WWF
Paper Corp. announced the sales of its Southeast (Atlanta) division
to Athens Paper. |
|
| Tenneco Packaging has announced the acquisition of Whitesell of Carolina, Inc.’s packaging assets, effective immediately. | |
| Sentinel Polyolefins LLC, Hyannis, MA, acquired a large manufacturing facility in Glens Falls, NY and chose Plymouth, England as its first manufacturing operation base in Europe as part of the company’s five-year, $40 million global expansion plan. | |
| Caraustar Industries, Inc. and Carolina Converting, Inc. have announced the completion of their merger agreement. Carolina Converting began a wholly-owned subsidiary of Caraustar Industries. | |
| Mead Corp. announced it has agreed to acquire the AT-A-GLANCE Group of Cullman Ventures, Inc. for a purchase price of approximately $550 million in cash. Subject to approval, the acquisition is expected to close in the fourth quarter of 1999. | |
| Peltz Group, an independent paper recycler, announced it has purchased Recycling Options Ltd. of Cleveland, OH. | |
| Georgia-Pacific Corp. and Chesapeake Corp. have completed a previously announced agreement to create Georgia-Pacific Tissue, a joint venture in which the two companies have combined their away-from-home tissue businesses. | |
| U.S. Foodservice has signed a definitive purchase agreement for the acquisition of Superior Products Mfg. Co. of Brighton, MN. | |
| DECEMBER | Tenneco Packaging has completed its spin-off from Tenneco Inc. and becomes Pactiv Corp., a specialty packaging company fully focused on the packaging industry. |
| Mail-Well Inc. has acquired Northeastern Envelope based in Braintree, MA. | |
| Kewill Systems plc (provider of electronic commerce supply chain management solutions) announced an agreement with FDX Corp. to use Keywill technology to provide shipper systems tools and back-office integration capabilities. | |
| A. W. Mendenhall acquired Sanco
Supply Co. of Naperville, IL. |
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