Brazil’s Suzano Papel e Celulose SA (SUZB3.SA) will pay Fibria Celulose SA’s (FIBR3.SA) shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday.
Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria.
https://www.reuters.com/article/us-fibria-m-a-suzano-papel/brazils-suzano-will-pay-52-50-reais-per-share-of-fibria-in-merger-statement-idUSKCN1GS1JH
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After serving the pulp and paper industry for more than 100 years, Solenis is well known as a leading supplier of process and functional chemistries. The Wilmington, Delaware-based company already had a world-class portfolio of products, state-of-the-art monitoring and control systems and a global network of professionals respected for their consultative approach to working with customers. Meanwhile, the Germany-based BASF had built its reputation as an innovative chemical company, and its 2008 acquisition of CIBA expanded its colorants portfolio and expertise even more, establishing BASF as the go-to reference in the market. But every great team can be improved. For Solenis, which did not count colorants expertise as a core competency, the pickup of BASF’s basic dyes, direct dyes and pigment preparations was a key addition that strengthened an already robust portfolio. Now, Solenis has fully assimilated the acquired technologies and is well positioned to offer a colorants portfolio that gives papermakers great flexibility, along with support from a technical team.
Aki Temmes has been appointed Senior Vice President, Business Control & Finance Operations at UPM as of 1 January 2021. He will be based in Helsinki reporting to Tapio Korpeinen, CFO, UPM. Aki Temmes is currently Senior Vice President, UPM Timber. He joined UPM in 2003 and has previously held several Business Control leadership positions in UPM Biorefining and earlier in UPM’s paper business areas. Aki Temmes holds a Master’s degree in Finance from University of Tampere and an Executive MBA degree from Hanken School of Economics.
West Linn Paper Company today annouced that it is ceasing operations and will commence a winding up of its business supervised by its second lien lender. "We are deeply disappointed to end the mill’s 128 year history, the last twenty of which resulted from a major restructuring and restart when our current ownership took control of West Linn Paper Company. The commitment and support that we received from our employees, our lenders and our owners as we sought to adapt to structural changes in our markets has been remarkable. However, several unforeseeable events have led to a significant reduction in available pulp, making continued operations impossible. As a result we will wind up our operations as quickly and efficiently as possible, beginning immediately." states Brian Konen, Chief Operating Officer for West Linn Paper Company. Company officials said that orders for stock product will continue to be accepted. Orders that have been produced but not yet shipped will be shipped. Manufacturing orders that have been accepted, but not yet produced, will be reviewed and customers will be contacted shortly with confirmations as to whether those orders will be produced. The Company will not be accepting new manufacturing orders going forward.