Canfor Corporation (TSX:CFP), further to its announcement on November 9, 2018, completed the purchase of Elliott Sawmilling Company Inc. (“Elliott”) on May 31, 2020.
Elliott adds over 210 million board feet of production capacity.
https://www.canfor.com/docs/default-source/news-2020/nr2020-06-01-canfor-elliott-acquisition-news-release.pdf?sfvrsn=41bee91_2
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Ahlstrom has received the significant honor of successfully achieving the Pet Sustainability Coalition’s “Pet Sustainability Accredited” status. The Pet Sustainability Coalition (PSC), an organization committed to advancing sustainability in the pet industry, recognizes Ahlstrom's commitment to sustainability and its efforts to reduce the environmental impact of its products and operations through the accreditation. As part of the accreditation process, Ahlstrom underwent a demanding assessment of its sustainability practices, including its environmental impact, social responsibility, and governance policies. The assessment evaluated various aspects of the company's sustainability performance, such as its carbon footprint, waste management, and water use.
As of September 1st, Technicote, a North-American company specializing in self-adhesive solutions, is the latest addition to Beontag’s growing family of international companies. The acquisition marks Beontag’s entry to the North American market, and is another step in its global expansion and internationalization strategy initiated in 2020. Besides the United States, Beontag has operations in other countries, such as Argentina, Uruguay, France, Italy, Sweden, Finland, among others. This acquisition is more than Beontag wanting to enter a new market. It was also motivated because of the broad network of customers that Technicote has had for more than four decades and the diversity of products they offer in the segments of graphic and self-adhesive materials. Their portfolio offers a wide range of self-adhesive rolls and sheets, as well as solutions in silicone coated release liners and is a perfect fit for Beontag’s expanding international portfolio of products. Technicote will also be integrating many of those products into their North American range.
*Operating profit for January–March was SEK 653 million (January–March 2017: SEK 627 million). Operating profit includes a forest property sale of SEK 70 million. Prices for paper and wood products increased, wheras costs for wood and other input goods rose.
*Compared with the fourth quarter of 2017, profit was SEK 232 million higher, mainly as a result of income from the forest property sale and due to that fourth-quarter earnings were affected by a maintenance shutdown.
*Profit after tax for January–March amounted to SEK 507 million (485), which corresponds to earnings per share of SEK 6.0 (5.8). Click Read More below for additional information.