9 July 2024: Imerys today announces that it has completed the disposal of its assets serving the paper market to an affiliate of Flacks Group, a US investment firm, for a net equity value close to €150 million. The payment of the purchase price is staged over time and based on the future performance of the business.
Read more: Imerys completes the disposal of its assets serving the paper market
7 July 2024: DS Smith has said it wants the industry to work with the new Labour government to support it’s commitment to ‘adopt and implement’ a green industrial strategy.
Read more: DS Smith calls for Labour to implement green industrial strategy
1 July 2024: Kemira has signed a definitive agreement to purchase Norit’s UK reactivation business from Purton Carbons Limited on June 28, 2024. This acquisition is the first step for Kemira in entering the activated carbon market for micropollutants removal.
Read more: Kemira acquires Norit’s UK reactivation operations
3 July 2024: Global technology leader ABB has today launched Do More With Digital, a global campaign highlighting the opportunities for the process industries to realize their full potential through digital transformation. Leveraging its deep ties across pulp and paper, mining, metals and cement, ABB recognizes a significant opportunity to continue equipping these sectors with advanced industry-specific solutions, driving their digitalization journey and allowing them to accelerate their adoption curve in a shorter timeframe.
2 July 2024: Suzano will not proceed with its attempt to acquire International Paper (IP), as IP rejected its offer of US$15 billion as too little, and Suzano was unwilling to rebid. The fall through brings IP’s merger with DS Smith back into the picture, for which shares shot up last week following the announcement.
Read more: DS Smith shares skyrocket following Suzano’s retreat from International Paper acquisition
28 June 2024: Nice-Pak International (“NPI”) has announced the closure of its production facility in Osterweddingen, Germany. NPI, a subsidiary of U.S. based Nice Pak Products, will absorb German production in its U.K. plants in Flint and Wigan.
Read more: Wet wipes manufacturer will absorb German production in its U.K. plants