Kruger Products announces closing of financings for Sherbrooke expansion project

Norske Skog has decided to extend the consent solicitation deadline for the ongoing recapitalization proposal from 29 September until Tuesday 3 October at 17:00 CET. The consent solicitation deadline has been extended from Friday 29 September until Tuesday 3 October 2017 at 17:00 CET. Norske Skog will use the period prior to the new expiration deadline to continue discussions with various stakeholder groups to try to achieve sufficient support for a consensual recapitalization solution for the Norske Skog group. The Board of Directors will continue to follow and evaluate the situation thoroughly during this period. - The recapitalization process is challenging, as we knew it would be, but we want to allow time to finalize our discussions with the various stakeholders. We believe that the extension of the consent deadline will improve the chances of reaching a solution, especially after the last day's actions from different stakeholders. As we have previously made clear, the board of Norske Skogindustrier ASA firmly believes that only less beneficial alternatives to a consensual solution exist. Norske Skog has 7 profitable business units that will continue normal operations regardless of the outcome of the consent solicitation process," said Mr. Christen Sveaas, Chairman of Norske Skogindustrier ASA.

Consumer Tissue business in Spain The Navigator Company completed the acquisition of Gomà-Camps Group’s Consumer Tissue business, including the acquisition of Spanish company GOMÀCAMPS CONSUMER, S.L.U. and French company GOMÀ-CAMPS FRANCE SAS (hereinafter referred to as "GC Consumer"). This acquisition is part of an ambitious plan for diversification and development of the Navigator Group, strengthening the Group’s position as the second largest Iberian producer of tissue, with an annual production capacity that now stands at 165,000 tonnes.

McKinley Paper Company, the U.S. wholly-owned subsidiary of Bio PAPPEL, continues to grow in the U.S. and today announces the acquisition of 100% of Midwest Paper Group (“Midwest”) from the investment fund IOP. The acquisition of Midwest Paper Group, a large independent containerboard producer located in Wisconsin with a production capacity of 500 thousand tons annually, fits well with Bio PAPPEL– McKinley and substantially increases its current U.S. containerboard production. This allows the company to have a nationwide coverage to support McKinley’s plans of continuous growth in its packaging division as well as to reliably supply its current customer base throughout the U.S. With the acquisition of Midwest Paper Group, as well as the currently under construction and planned super plants of corrugated boxes, Bio PAPPEL will reach combined annual revenues in excess of $3 billion dollars, keeping a low debt level and financial investment grade rating.