American Forest & Paper Association Releases October 2020 Printing-Writing Monthly Report

Bain Capital Private Equity, a leading global private equity firm, through Fedrigoni Holding Ltd, has entered into a definitive agreement to acquire Gruppo Cordenons, a leading international manufacturer of high end specialty papers for luxury packaging and premium publishing applications. The transaction remains subject to customary regulatory approvals, as the company says in the press release received by Lesprom Network. Gruppo Cordenons will be acquired and managed as an independent company. However, over time, Fedrigoni Group shareholders see a significant opportunity to share best practices, increase operations know-how and improve service and innovation by strengthening its range of high value-added special papers and key relationships with customers, supplemented by a brand that is widely recognized on international markets, where Gruppo Cordenons generates almost 70% of its turnover. Click Read More below for additional information.

Mondi is paving the way to become one of the leading suppliers of premium recycled paper with its established brand NAUTILUS®. Over the past few months, the business has initiated several steps to meet increasing demand for premium recycled paper and goes to the heart of Mondi's approach to sustainability. In 2020, Mondi launched three new members of the NAUTILUS® family, NAUTILUS® ProCycle, NAUTILUS® ProCycle high-speed inkjet and NAUTILUS® SuperWhite for HP Indigo. *NAUTILUS® ProCycle is a 100% recycled office paper meeting the highest environmental standards. It is CO2 neutral and offers EU Ecolabel, FSCTM and Blue Angel certification. The paper has a high degree of whiteness (UV 100 / CIE whiteness 135), which is achieved without using optical brighteners in the production process. Therefore, NAUTILUS® ProCycle is currently the only recycled paper on the market that is produced in line with the new standards of the Blue Angel ecolabel. It is available in 80 g/m² A4 and A3 sizes. *NAUTILUS® ProCycle high-speed inkjet is especially tailored to high-speed inkjet printing presses. It is available in reels of 80 and 90 g/m2. Its special surface treatment for dye and pigment inks retains ink on the paper surface for crisper colours with lower ink consumption. Additionally, it is optimised for quick water absorption, fast drying, no offsetting and, consequently, increased productivity. *NAUTILUS® SuperWhite for HP Indigo is the ideal sustainable alternative to bright white paper made from virgin fibre as it is produced entirely from post-consumer waste paper and with a CIE whiteness level of 150. The entire range, from 80 to 350 gsm, is certified for HP Indigo presses, which is ideal for runnability, blanket compatibility and ElectroInk adhesion.

*Outstanding performance driven by strong operational results and continued market strength in tissue *Net sales of $520 million, down 3% from the third quarter of last year *Net income of $37 million, or $2.17 per diluted share *Redeeming 2025 notes in Q4 2023 with a combination of a new term loan, cash on hand, and drawing on existing ABL facility *Repurchased $5 million of outstanding shares, with $10 million remaining under program *Reduced net debt by $69 million from second quarter of this year, $416 million since 2020