Solenis to Increase Prices in North America for Pulp & Paper and Industrial Water

Expera is rolling out its refreshed line of Glass-Gard Prime™ and Glass-Gard™ papers, highlighting a diverse portfolio of specialty paper products that span a variety of end-use applications. From highly technical glass applications, to offering protection in automobile manufacturing, tough conditions have met their match. “Glass-Gard Prime™ papers help prevent scratching and particle generation on the finished glass product, which are high priorities in technical glass manufacturing,” explained Robyn Buss, Vice President Sales and Marketing for Expera Specialty Solutions. “Expera has developed proprietary manufacturing processes to remove the components that cause flaws on a finished glass product.” Click Read More below for additional details.

*Record quarterly net sales of $5.5 billion increased 14.6% year-over-year *Net income of $378 million increased $128 million year-over-year, or 51.1%. Adjusted Net Income of $396 million increased $128 million year-over-year, growing 47.6% *Record Consolidated Adjusted EBITDA of $1.006 billion increased 24.0% year-over-year *Earned $1.47 per diluted share (“EPS”) and Adjusted EPS of $1.54, compared year-over-year to $0.93 and $1.00, respectively, increasing 58.1% and 54.0%, respectively *Net leverage ratio within targeted range

Rayonier Advanced Materials Inc. announced that it has completed its previously announced sale of its lumber and newsprint assets to GreenFirst Forest Products Inc., a Canadian lumber company, for a total purchase price of approximately US$235 million, subject to final adjustments. The total purchase price is payable approximately 85 percent in cash and 15 percent of common shares in GreenFirst, which is subject to a six-month holding period. Notably, RYAM retained all the cash generated by the Purchased Assets prior to closing plus rights and obligations related to all softwood lumber duties, including any potential interest on the duties, previously paid to the U.S. Department of Commerce of approximately $110 million. As previously disclosed, the proceeds will be used to repay debt and make strategic capital investments focused on the High Purity Cellulose segment.