Solenis Acquires CedarChem, Enhancing Water and Wastewater Treatment Capabilities in Southeastern U.S.

Glatfelter announced the introduction of Adena Opaque 96, a new brighter and whiter shade of paper, providing an additional cost-effective option to its growing line of opaque papers, further enhancing the ability for customers to bundle products and streamline their supply chain. Adena Opaque 96 is manufactured at Glatfelter’s Specialty Papers facilities in Chillicothe, OH and Spring Grove, PA, whose central locations enable Glatfelter to offer service that supports small orders and quick turn requests. “Glatfelter offers one of the broadest uncoated paper portfolios and has been the industry’s trusted source for book publishing and uncoated printing papers for more than 150 years. With the introduction of Adena Opaque 96, customers will have the ability to bundle nearly a dozen different product lines such as: tags, ledgers, index, inkjet, security papers, carbonless, laser MOCR and form bond, just to name a few,” said David Dickerhoof, Vice President of Sales & Marketing for Glatfelter’s Specialty Papers Business Unit. “One call to Glatfelter avoids the cost and inconvenience of coordinating multiple suppliers and eliminates freight inefficiencies, saving customers time and money.”

White paper, like white paint, is not just white. Brightness is an important characteristic in our paper products. The brightness of white paper matters to customers who use it for printing books, brochures or marketing mail. To achieve the specified brightness, our mills use chlorine dioxide in the pulping process, which is also widely used for treatment of drinking water. We use it to brighten pulp after it’s reduced from wood. The pulp goes through a three-stage bleaching process to achieve the desired brightness before continuing through the mill to become uncoated freesheet paper. Through a continuous improvement project, the team at our Johnsonburg Mill in Pennsylvania has managed to reduce the volume of chlorine dioxide used while maintaining the brightness our customers expect. The work also highlights Domtar’s commitment to quality and sustainability.

International Paper announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value (TEV) for Ilim based on a ~3.1X EBITDA multiple on 2022 full-year results*. The Company also received an indication of interest from its JV partners to purchase all of the Company's shares (constituting a 2.39% stake) in JSC Ilim Group for $24MM (USD) on terms and conditions to be agreed. The Company intends to pursue an agreement to sell the JSC Ilim Group shares, and to divest other non-material residual interests associated with Ilim, to its JV partners.