Investment funds managed by Oceanwood Capital Management Limited have now acquired 100% of the shares in Norske Skog AS following a lengthy process of regulatory approvals. John Chiang, Oceanwood Partner and Investment Advisor, says: "We are pleased that the long process to close the acquisition of Norske Skog AS is now formally completed. Now that the financial restructuring and sales process have come to a conclusion, we look forward to working closely with Norske Skog's management, employees, and other key stakeholders to help strengthen the business. We share the ambition to ensure that the new Norske Skog group succeeds and realizes the potential that we believe lies in the Company through continued development of its core business and value-enhancing growth projects." Lars P. S. Sperre, President & CEO of Norske Skog, comments: "With Oceanwood as a new strong owner, the Norske Skog group and our employees now have a unique opportunity to develop our core business and invest in promising new growth projects. We look forward to the cooperation with our new owners in the future. The completion of the sale marks the end of a very long financial restructuring of the formerly debt burdened Norske Skog group and is a new and exciting beginning for all our employees, owners, customers and suppliers. With a good operating environment for the core business and many promising development projects, I am optimistic about the future." Click read more below for additional detail.
Kathy Buckman Gibson was recognized as Woman of the Year by the Technical Association of the Pulp and Paper Industry’s (TAPPI’s) Women in Industry Division at its recent annual PaperCon conference.
Buckman Gibson is a TAPPI Fellow and received the association’s Herman L. Joachim Distinguished Service Award in 2007. She has served as a Trustee of the TAPPI Foundation and is a past Board Member of TAPPI, PIMA (Paper Industry Management Association), and the Center for Paper Business Industry Studies (CPBIS). She also served on the Board of the Pulp and Paper Foundation of North Carolina State University.
Buckman Gibson is an owner and Director of Buckman. She has been involved with the pulp and paper industry for more than 25 years while working at Buckman in various capacities including Chief Operating Officer, General Counsel and Chairman of the Board.
Currently Buckman Gibson is CEO and President of KBG Technologies, LLC, a joint venture between herself and Buckman established in 2018. KBG Technologies is a certified woman-owned business providing chemistries and smart technologies to the pulp and paper industry and water treatment market.
Buckman Gibson currently focuses her community efforts on expanding early childhood education and Pre-K in Memphis and Shelby County, Tennessee. She has also served in various leadership roles for National Girls Incorporated, United Way of the Mid-South, Mid-South Reading Alliance, the Women’s Foundation for a Greater Memphis, the National Civil Rights Museum and more.