Update: Fire at Sappi Saiccor Mill

Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the acquisition of Nekoosa, a leading manufacturer of specialty paper and film products used in the graphics and commercial print markets. Terms of the deal were not disclosed. Headquartered in Nekoosa, Wisconsin, Nekoosa produces a comprehensive suite of specialty engineered materials in four key product areas: application and pressure sensitive tapes used to protect and transfer graphics onto surfaces such as store windows and commercial vehicles; specialty synthetic papers that offer a digitally printable tear-and-water-proof alternative to lamination; sheeted digital and offset grade carbonless paper; and extruded film products used in wall panel, credit card, and lighting applications. Through a network of more than 1,000 global distributor partners, Nekoosa serves a highly-diverse base of more than 70,000 commercial print and graphics shops in 65 countries. Click Read More below for additional information.

Norske Skog Skogn will invest around NOK 180 million, after NOK 40-50 million in grant funding from the NOx fund, in a new thermomechanical production line (TMP) that will replace expensive recycled paper with fresh fibre. The new TMP line will reduce variable costs, significantly reduce NOx and fossil CO2 emissions, and reduce landfilled waste. Start-up is expected in the first half of 2024. Today, newsprint is produced at Norske Skog Skogn with a pulp mix, consisting of wood fiber and recycled paper. The investment will replace the use of expensive recycled paper fiber with fresh wood fiber in newsprint production. The production capacity of thermomechanical wood pulp will increase by 100,000 tonnes.

A new four-year tentative agreement has been reached between Catalyst Paper and Unifor, representing approximately 750 workers in British Columbia. "This agreement achieves the pattern bargaining goals that Unifor set for the western pulp sector, which is helping to raise standards across the board," said Unifor National President Jerry Dias. "I congratulate the bargaining committee on obtaining a fair deal in these very challenging times for the Canadian pulp and paper industry." Click Read More below for additional information.