Brazil’s Suzano Papel e Celulose SA (SUZB3.SA) will pay Fibria Celulose SA’s (FIBR3.SA) shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday.
Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria.
https://www.reuters.com/article/us-fibria-m-a-suzano-papel/brazils-suzano-will-pay-52-50-reais-per-share-of-fibria-in-merger-statement-idUSKCN1GS1JH
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Carol Hoffman Schoedinger has joined Monadnock Paper Mills, Inc. as Senior Sales Manager. Ms. Schoedinger will have responsibility for selling Monadnock’s full suite of sustainable printing, packaging and technical/specialty papers in the U.S. Midwest. Prior to joining Monadnock, Ms. Schoedinger held a range of sales and business development roles with WestRock, Evergreen Packaging and Appleton Coated. She has a breadth of experience in the paper industry and a strong understanding of the needs of the print design community. Her strengths include developing long standing partnerships and exceeding customer expectations through creative graphic solutions.
Please be advised that, effective with shipments on or after October 1, 2017, Resolute Forest Products will raise its newsprint price by US$30/metric tonne (for 48.8 gsm). Prices for other basis weights will be adjusted accordingly.
Please note that this price increase does not apply to Ponderay Newsprint Company.
KEY HIGHLIGHTS *All-time high sales, EBITDA and operating cash flow *First quarter where Verso was included – net sales growth 75% *Strong organic growth, both in Europe 17% and North America 19% *Price and mix improvements more than offset the cost inflation *Excellent cash delivery and strong balance sheet position. QUARTERLY DATA *Net sales grew by 75% to SEK 11 408 million (6 504), whereof Billerud North America accounted for SEK 3 738 million *Operating profit was SEK 1 609 million (404) *Net profit was SEK 1 419 million (311)