Brazilian pulpmaker Suzano said on Wednesday it has terminated talks to buy International Paper, adding the U.S.-based firm did not engage with the highest price it was willing to pay. Suzano, the world’s largest...
International Paper proposes $7 billion buyout of DS Smith
DS Smith confirmed on Tuesday it was in discussions with International Paper over an all-stock offer from the U.S.-listed company, which valued the British paper and packaging firm at 5.72 billion pounds ($7.22 billion)...
Ansa Folding Carton acquires stake in Rich Printers for Rs 117 cr
Ansa Folding Carton (AFC) has acquired a strategic stake in Rich Printers Private Limited (RPL) at value of Rs 117 crore. With this acquisition, the combined entity will now operate five paper conversion manufacturing...
Royal Golden Eagle, Asia Pulp & Paper in final race for Essity’s Vinda stake – sources
Two Southeast Asian paper makers, Royal Golden Eagle (RGE) and Asia Pulp & Paper (APP), have emerged as final bidders for Swedish tissue maker Essity’s 52% stake in Hong Kong-listed Vinda International, three...
Europe’s Smurfit Kappa in merger discussions with Westrock
Europe’s paper and packaging major Smurfit Kappa said late that it is in discussions to merge with U.S. paper company Westrock. The combined entity would be named Smurfit WestRock and will be domiciled in Ireland...
Finquest’s offer for Ballarpur Industries gets NCLT nod
A bankruptcy court in Mumbai has approved Finquest Financial Solutions’ resolution plan for Ballarpur Industries (BILT), the flagship paper-manufacturing company of the Thapar Group that owes lenders more than `3,000...
JK Paper to acquire Horizon Packs, Securipax Packaging for Rs 578 cr
Paper and packaging board company JK Paper said it will acquire Horizon Packs Private Ltd and Securipax Packaging Private Ltd in phases for about Rs 578 crore. HPPL and SPPL are India’s leading corrugated...
HPC under liquidation on directions of NCLT, NCLAT: Govt
Hindustan Paper Corporation Limited (HPC) is under liquidation process on the directions of the National Company Law Tribunal and the National Company Law Appellate Tribunal, Parliament was informed on Tuesday. The...
International Paper considers sale of Brazil packaging unit
International Paper Co (IP.N) is considering the sale of its cardboard packaging unit in Brazil, the company confirmed in a statement. Brazilian newspaper Valor Economico reported the potential sale earlier on Wednesday...
NCLT approves JK Paper’s Rs 371 cr bid for Sirpur Paper Mills
JK PaperNSE 5.18 % today said the NCLT has approved its Rs 371 crore bid for debt-ridden Sirpur Paper Mills under the insolvency resolution process. The Hyderabad bench of the National Company Law Tribunal (NCLT) today...
