This innovative new process – a Canadian first – is used to extract hemicellulose, a cellulosic sugar with high value-added potential, from wood chips. This project – worth a total of $26M – represents a major advance in biorefinery development in Canada . Backed by a $10M investment from Natural Resources Canada's Investments in Forest Industry Transformation (IFIT) program and an additional $4.4M from the Québec Ministère des Forêts, de la Faune et des Parcs, the Cabano plant will replace its current process – the production of sodium carbonate-based chemical pulp – with this new, more environmentally friendly and economical one that was developed in conjunction with a U.S. partner.
WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, today announced that it has entered into an agreement to acquire Schlüter Print Pharma Packaging, a German-based supplier of a full range of leaflets and booklets.
Schlüter will become part of WestRock’s Multi Packaging Solutions business.
“Schlüter has an excellent reputation as a high-quality supplier to customers in the pharmaceutical and automotive industries, and this acquisition will enable us to build our business in these growing markets,” said Marc Shore, president of WestRock’s Multi Packaging Solutions business. “It will also expand our geographical footprint to better serve customers throughout Europe.”
“We are excited about what becoming part of WestRock means for our customers and employees,” said Andreas Schlüter, owner of Schlüter Print Pharma Packaging. “We firmly believe that WestRock is well positioned to grow the business and continue developing solutions that will help our customers address the challenges they face today and in the future.”
The transaction is subject to customary closing conditions.