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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Domtar has been honored as one of the winners of the Beyond the Bag Challenge, led by the Consortium to Reinvent the Retail Bag — a collaboration convened by Closed Loop Partners with leading retailers, environmental partners, global design firm IDEO and others. The challenge attracted more than 450 global participants, and nine winners were announced on Feb. 16. Though the single-use plastic bag remains ubiquitous in retail operations today, rising concerns about plastic waste have spurred efforts to identify viable alternatives. The consortium assembled leading retailers to find innovative solutions that serve the function of today’s single-use plastic retail bag, offering ease and convenience for consumers while reducing the product’s negative environmental impacts. Domtar’s winning submission is a 100 percent paper-based material that is sourced from a renewable natural resource, robust enough for limited reuse in a bag application and curbside recyclable.
Mark Ushpol has been appointed Executive Vice President of the Food Packaging & Technical Solutions business area and a member of the Group Executive Management team as of January 1, 2022. Mark has more than twenty years of experience in the paper and packaging industry and was most recently managing director for DS Smith North America Packaging. Prior to this, he held several management positions at companies such as Mondi and Domtar in the US., Europe and South Africa, as well as served as association representative in several industry organizations. “I am truly inspired by the work Ahlstrom-Munksjö does in the area of specialty papers and packaging, and I am very much looking forward to working with this talented team to bring sustainable fiber-based solutions to the world,” commented Mark Ushpol. Robyn Buss, currently Executive Vice President of the Food Packaging & Technical Solutions business area and member of the Group Executive Management Team, has announced her retirement effective at the end of 2021. Robyn Buss has spent more than 30 years in the specialty paper industry and has served several Wisconsin-based paper plants during her career. Robyn Buss joined Ahlstrom-Munksjö with the acquisition of Expera Specialty Solutions at the end of 2018.
Please be advised we plan to increase the price of our 30# (48.8 gsm.) standard newsprint by $30.00 per metric ton. This increase will go into effect in two stages; $15.00 on December 1, 2017 and $15.00 on January 1, 2018. Prices for other newsprint basis weights will increase proportionally as per past practices.