Moorim USA Announces Price Increase

Neenah Paper, Inc. announced it had signed a definitive agreement to purchase all of the outstanding equity of W.A. Sanders Coldenhove Holding B.V. Coldenhove is a specialty materials manufacturer based in the Netherlands, with a leading position in digital transfer media and other technical products. Coldenhove has annual sales of over $45 million with EBITDA of approximately $6 million. The company's advanced media is a critical component used in dye sublimation, a growing method of digital image transfer. The purchase price is expected to be approximately $45 million, subject to final closing adjustments, and will be financed with available cash and short term borrowings. Closing is expected to occur on November 1, and is subject to customary conditions. Click Read More below for additional information.

Metsä Board, part of Metsä Group, announced on 1 December 2020 that it had signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden to the Swedish forest owners' cooperative Norra Skog. The transaction was completed on 4 January 2021, and its impacts will be included in Metsä Board's financial reporting as of the January–March 2021 interim report.

Tembec Inc. (TSX: TMB) (“Tembec”) announced today that Institutional Shareholder Services (“ISS”) has recommended that shareholders of Tembec vote FOR the proposed plan of arrangement (the “Arrangement”) involving the acquisition by Rayonier Advanced Materials Inc. (“Rayonier AM”) of all of the outstanding shares of Tembec (the “Tembec Shares”). In connection with this recommendation, ISS noted that: "The proposed premium offer consideration provides shareholders with flexibility to participate in the growth opportunities associated with the combined business of increased size, scale and liquidity and/or to receive the consideration in the form of cash that provides immediate liquidity (subject to proration limits).