Verso Announce Price Increase for Ideal® Uncoated Freesheet Products

Rayonier Advanced Materials Inc. and Tembec Inc. announced that, as a result of legislation that went into effect today, approval of the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec under the Investment Canada Act is no longer required as a closing condition of the Transaction. This new legislation, entitled the Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act, provides for, among other things, the increase of the threshold for governmental approval of an acquisition of a Canadian business by certain non-Canadian investors (including investors from the United States, such as Rayonier Advanced Materials) from an enterprise value of the Canadian business of CDN$1 billion, to CDN$1.5 billion. As such, the Transaction falls below the new threshold. Subject to obtaining other necessary and customary governmental approvals relating to certain forestry and energy-related agreements, as well as the satisfaction or waiver of the conditions to the Transaction, it is expected that the Transaction will be completed in the second half of the fourth quarter of 2017.

Providing products people around the world rely on every day involves not just manufacturing, but also millions of miles of transporting. By using smart shipping practices, Domtar has reduced the environmental effects of transporting its products. In 2021, we will move about 240,000 pulp and paper shipments over the road. To get them to their destinations, drivers will travel more than 126 million miles, which is equal to about 5,100 trips around the equator. Our products are also traveling by train. Nearly 1,120,000 tons of our pulp and paper will be packed on more than 16,000 rail cars in North America. Over the last 10 years, we have circumvented more than 650,000 metric tons of greenhouse gas emissions through strategic planning that helps us get products moved as efficiently as possible while also limiting our impact on the environment. “We have a sophisticated and cost-effective third-party distribution network to get products to customers,” says Debbie Campbell, Domtar’s director of transportation. “Yet we’re always looking at ways to improve efficiency and sustainability when it comes to transporting our products.” Click read more below for additional detail.

Consumer Tissue business in Spain The Navigator Company completed the acquisition of Gomà-Camps Group’s Consumer Tissue business, including the acquisition of Spanish company GOMÀCAMPS CONSUMER, S.L.U. and French company GOMÀ-CAMPS FRANCE SAS (hereinafter referred to as "GC Consumer"). This acquisition is part of an ambitious plan for diversification and development of the Navigator Group, strengthening the Group’s position as the second largest Iberian producer of tissue, with an annual production capacity that now stands at 165,000 tonnes.