Ahlstrom launches Ahlstrom BioProtect™, a new, sustainable, and protective solution for Laundry Care applications

International Paper Company announced that, in connection with its previously announced separation and spin-off of its global papers business, International Paper's board of directors declared a pro rata distribution of approximately 80.1% of the outstanding shares of Sylvamo Corporation (NYSE: SLVM) common stock to be made effective at 12:01 a.m. New York City time on October 1, 2021 to International Paper's shareholders of record as of 5:00 p.m. New York City time on September 15, 2021, the previously-announced record date for the distribution. Each International Paper shareholder will receive one (1) share of Sylvamo common stock for every eleven (11) shares of International Paper common stock held on the record date. Following the distribution, International Paper will own approximately 19.9% of the outstanding shares of Sylvamo common stock. International Paper shareholders will not receive fractional shares of Sylvamo common stock. Instead, fractional shares of Sylvamo common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in cash payments to the International Paper shareholders who would otherwise receive a fractional share of Sylvamo common stock.

Solenis has completed its previously announced acquisition of the paper process chemicals business of Kolb Distribution Ltd. The deal also includes a long-term supply agreement, in which the KLK Kolb Group will manufacture paper process chemicals exclusively for Solenis. “Bringing together the Kolb team with our consumer solutions business adds to our ability to deliver expanded offerings and provide cost-effective solutions for our EMEA pulp and paper customers. Kolb’s portfolio includes the latest innovations in deposit control, cleaning and foam control agents that will strengthen our commitment to providing more value to our customers,” said John Panichella, CEO, Solenis.

The new PrimeLineTAD machine will be supplied with state-of-the-art energy efficient process equipment to meet P&G’s demanding sustainability targets. ANDRITZ and Procter & Gamble have been strong business partners for many years. In 2007, ANDRITZ supplied and started up a TAD tissue/towel machine at Procter and Gamble’s Green Bay, Wisconsin, USA site that fully met P&G’s expectations. This was followed by another TAD tissue/towel machine at Procter and Gamble’s Box Elder facility, which started up successfully in 2011. Procter and Gamble, one of the largest manufacturers of premium consumer bath tissues and paper towels in North America, produces the brands of Charmin, Puffs, and Bounty.