Nekoosa, comprised of Nekoosa Coated Products, RTape Corp, and CET Films, announced today the acquisition of Catalina Graphic Films, effective as of March 1, 2018. Catalina Graphic Films, headquartered in Calabasas, CA with manufacturing facilities in Chicago, IL and Las Vegas, NV, is a leading manufacturer of pressure sensitive products used primarily for printed retail point of purchase advertising and promotion. Nekoosa is making the acquisition to support expanded manufacturing capability, product portfolio expansion, and a national manufacturing footprint. “Nekoosa is proud to combine its 50 year legacy with the equal 50 year family legacy of Catalina Graphic Films, and create a truly special business that can service our customers with an incredibly broad portfolio of products, services, and capabilities,” said Paul Charapata, CEO of Nekoosa. Click Read More below for additional information.
• Operating Cash Generation2 and Adjusted EBITDA² set new records in the quarter: R$1.28 billion and R$1.57 billion, respectively.
• Strong performance in the pulp segment, supported by the effect from exchange variation: adjusted EBITDA1/ton of R$1,646/ton (+59.4% on 2Q17).
• Marginal increase in cash cost in LTM: R$593/ton, 0.8% higher than in LTM to 2Q17.
• Solid results and new increases in paper prices in both the domestic and international markets: adjusted EBITDA1/ton of R$892/ton (+25.8% on 2Q17).
• Truck drivers’ strike: production loss of approximately 80,000 tons of market pulp and of approximately 25,000 tons of paper in 2Q18, which adversely affected sales.
• Investments: conclusion of the acquisition of around 9,500 hectares in rural areas and 1,200,000 m³ of wood in São Paulo state from Duratex S.A.
• Transaction with Fibria: authorization granted without restrictions by Federal Trade Commission (U.S. antitrust agency, case formally filed at CADE (Brazil) and SAMR (China) and pre-filing in European Union and Turkey, issuance of declaration of effectiveness by the Securities Exchange Commission of the United States of America.
• Financing of Fibria Transaction: 6th debentures issue (R$4.7 billion | US$1.3 billion) and reduction of financial commitment to US$4,4 billion.
details at: http://ir.suzano.com.br/ptb/6947/636221.pdf