Sappi Europe joins Intergraf as an associate member strengthening industry collaboration and innovation

Designed to enhance converters’ product portfolios, Mactac® Performance Adhesives Group announces the launch of an innovative new UV Inkjet semi-gloss paper product. Saving converters both time and money, the product, UVS9002, eliminates the potential need to prime prior to converting. “UVS9002 fills a gap in many converters’ portfolios,” says Sara Damante, Senior Marketing Manager, Mactac Performance Adhesives. “As the digital and UV space continues to grow, our team recognized a need for additional UV Inkjet products and the launch of this product will deliver great value to converters by increasing efficiencies and improving cost-savings.”

After much consideration, Nekoosa has chosen to discontinue and exit our DIGITAL COATED paper offering at the end of 2020 and we will be selling off our existing inventory without replenishment. The decision to exit this lane was not an easy one, but at the end of the day we do feel it’s best for our business. We are operating on a “while supplies last” basis for this product line and customer service can let you know our current stock levels and pricing for the SKUs that you typically buy. The reasons for this decision can be summarized as a combination of things such as: supply chain issues, an interest in freeing up converting equipment to focus on other product segments, and profitability of the line.

*BillerudKorsnäs has entered into an agreement to acquire Verso for a purchase price of approximately USD 825 million in cash, corresponding to USD 27.00 per share. *Verso is a leading producer of coated papers in North America with reported net sales for the last twelve months ended 30 September 2021 of USD 1 264 million and adjusted EBITDA of USD 158 million. *The purchase price corresponds to an enterprise value / adjusted EBITDA multiple of approximately 6x for the last twelve months ended 30 September 2021. The acquisition will immediately be accretive to earnings per share and create significant shareholder value over time with a more profitable product mix. *BillerudKorsnäs will build one of the most cost-efficient and sustainable paperboard platforms in North America by converting some of Verso’s assets into paperboard machines with an estimated capex of up to SEK 9 billion. *The acquisition and transformation will be financed through a combination of a rights issue of up to SEK 3.5 billion, additional debt and operating cash flow. *The acquisition is expected to close in the second quarter of 2022, subject to the approval of Verso’s shareholders as well as the receipt of applicable regulatory approvals and satisfaction of other customary closing conditions.