The Board of Directors of BillerudKorsnäs has appointed Petra Einarsson new President and CEO of the company. Petra succeeds Per Lindberg who is, after 12 successful years, leaving BillerudKorsnäs on his own request for a new assignment. Petra Einarsson will assume her new position at the turn of the year 2017-2018. ”I am very glad to present Petra Einarsson as new President and CEO of BillerudKorsnäs”, says Lennart Holm, Chairman of the Board. “Petra is a highly experienced and competent leader. She has during her years as President of Sandvik Materials Technology shown her capability to successfully develop a complex process industry in a competitive environment. With Petra as new CEO, I am convinced we will succeed in our ambitions to further develop BillerudKorsnäs to new levels.” Click Read More below for additional information.
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that, on February 1, 2020, it completed the previously disclosed acquisition of Conifex Timber Inc.’s three sawmills in the U.S. South, pursuant to the terms of the securities purchase agreement dated December 23, 2019. The total purchase price was $163 million, plus working capital, which is estimated at $13 million.
The three sawmills, with combined production capacity of 550 million board feet, are located in Cross City (Florida), and Glenwood and El Dorado (Arkansas). The facilities produce construction-grade dimensional lumber and decking products from locally-sourced southern yellow pine for distribution within the United States.
“We are pleased to welcome the new employees to Resolute,” stated Yves Laflamme, president and chief executive officer. “The acquisition of the U.S. sawmills is the right move, at the right time, for Resolute; it will give us immediate scale in an attractive region, with quality assets in a rich fiber basket, close to growing end-markets.”
This transaction diversifies the company’s lumber production: when operating to capacity, almost 25% of Resolute’s production will be in the U.S. South.