Taranis informed the parties of its decision to withdraw from the transaction, considering that the conditions were no longer met within a timeframe already extended by several months.
M&A
Due to the strained economic situation in Turkey and the country's excessive inflation, as well as the massive demands of the trade union, Rondo Ganahl has decided to sell the plant and withdraw from the Turkish market.
ST Group expands U.S. tissue production footprint.
With four new facilities, Sofidel further strengthens its production footprint in the North American market, which today accounts for 50% of the Group's total revenue.
Twin Falls site adds lamination, cut-to-size, and distribution services for RV and housing sectors.
CreaPak will become part of OptiGroup’s packaging business in Finland and will continue to operate under its current brand CreaPak. The purchase price has not been disclosed.
AS Toftan will continue to operate under its current name and brand, with Martin Arula remaining as CEO.
The acquisition will significantly strengthen Andritz’s recovery and power boiler service business. The closing of the transaction is expected within 30 to 60 days.
OneFortyOne announces largest Australian forestry land acquisition in a decade.
Joint venture will be the owner of Kimberly-Clark’s international tissue assets, including 22 manufacturing facilities, approximately 9,000 employees, and marketing and selling regional and global brands in over 70 countries.
TANN comprises 7 production sites in Austria, China, the Philippines, Turkey, Canada and Germany.
Whit Davis becomes sixth major acquisition as Spahn & Rose expands across five southeastern states.
Additionally, the Company is acquiring the land and buildings from the current landlord on which Truss-Worthy's facilities are located for a purchase price of $850,000.
The divestment of the Latvian wood supply operations has no material financial impact on Metsä Group’s wood supply and forest services business.
Financial terms of the deal will not be disclosed. Other Collins business units are not affected by this transaction.
The acquisition also brings premium-quality products, long-standing customer relationships, and the experience and expertise of the site’s 260 people.
Expected to deliver an average annual timber free cash flow yield of 5.1% over the first five years.
Sunds Fibertech strengthens its emission control portfolio through the acquisition of the renowned Advanced Cyclone Systems.
By combining Sunds Fibertech’s global reach with LÜBKE’s expertise, Sunds Fibertech aims to scale up internationally and accelerate innovation.
In connection with the transaction, Stora Enso and the divested entity will enter into a 15-year wood supply agreement with a possible additional 15-year extension. This will secure wood availability for Stora Enso’s Swedish business units.