Sustana combining with Hanna Paper, a leading high-grade paper recovery company in North America

Sustana, the sustainable fiber and paper industry leader, announced today that it has completed a transaction with Hanna Paper (“Hanna” or the “Company”), one of the largest high-grade paper recycling companies in North America. Headquartered in Toronto, Canada, Hanna processes 300,000 tons of paper annually through its eight recovery facilities across North America. The company employs approximately 200 employees and services over 1,000 customers.

“Today marks an exciting milestone for Sustana and the long-term stability of our supply chain,” said Fabian de Armas, CEO of Sustana. “We are steadfast in our commitment to sustainability, and we are thrilled to welcome Hanna, a long-time leader in our industry, to the Sustana family. We look forward to growing together with Hanna and its team as we continue to deliver on our vision of a circular economy.”

Michael Knox, President of Hanna added, “Partnering with Sustana is an exciting step in the continued growth of Hanna. Together, we will continue to offer expanded sustainability solutions to current and new customers and be part of a unique and growing platform.”

With strategic acquisitions and investments, Sustana is committed to continuously investing in the stability of its supply chain and contributing to a strong future for the sustainable pulp and paper solutions industry in North America.
https://www.sustanagroup.com/newsroom/sustana-combining-with-hanna-paper-a-leading-high-grade-paper-recovery-company-in-north-america/

Related Posts

EIB supports The Navigator Company’s decarbonisation strategy with €27.5 million

The European Investment Bank (EIB) will support The Navigator Company, a major Portuguese industrial group and Europe’s leading pulp and paper manufacturer, with a €27.5 million loan for the construction and operation of a new biomass boiler at their integrated mill facility located in Figueira da Foz, a cohesion region in Portugal. This project is the first major step of The Navigator's decarbonisation strategy, launched recently with the aim of making the company carbon neutral by 2035 (15 years ahead of the EU target of 2050) in line with the Paris Agreement, the EU Green Deal and Portugal’s Roadmap to Carbon Neutrality. Replacing the existing equipment with a new biomass boiler is part of the company’s investments for offsetting carbon emissions and is seen as crucial for preserving and improving its competitiveness and market presence in a cyclical business sector, especially now amid the far-reaching economic consequences of the COVID-19 pandemic.

Stora Enso introduces renewable high-strength material for shopping and takeaway bags

To support the shift to renewable and recyclable materials in shopping and takeaway bags, Stora Enso launches CarrEco Brown™. Made from 100% fresh fibers, the material has high strength and tear resistance properties and is also safe for direct food contact. By offering renewable, fiber-based materials suited for paper bags, Stora Enso accelerates the shift away from plastic. Stora Enso now expands its paper bag materials portfolio with CarrEco Brown, a new unbleached and uncoated board that is fully recyclable. Through its unique three-layer structure, CarrEco Brown offers exceptional strength properties suitable for strong shopping bags. The material is also safe for direct food contact and contains only FDA-compliant chemicals which makes it ideal for takeaway food and groceries. “Unbleached paper bags are a good fit with the preferences of today’s eco-conscious consumers. We are well-positioned to meet the growing demand for paper bags, especially in trending end-use areas such as takeaway food. Our newest material CarrEco Brown can help our customers seize these growth opportunities in a sustainable way,” says Oscar Duarte, Business Segment Director, Kraftliners at Stora Enso Packaging Materials.

Bio-Pappel-McKinley Acquires Midwest Paper Group

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.
Back To Top
×Close search
Search