Smurfit Kappa has taken one of Europe’s most coveted prizes for innovation at the “Goldene Welle” (Golden Wave) awards in Germany, held every two years by the Association of the Corrugated Fibreboard Industry.
Harland Simon has delivered another successful press controls upgrade on time and in budget. Halifax Media Group and the Gaston Gazette, NC selected Harland Simon to upgrade their ageing ink controls and provide enhanced presetting capabilities.
Omya, a leading global provider and distributor of specialty chemicals, and Arkema, a leading global chemical company, announce that they have entered into an exclusive pan-European distribution agreement.?
Caraustar Industries, Inc., a portfolio company of H.I.G. Middle Market, the dedicated middle market investment affiliate of H.I.G. Capital, has entered into an agreement to acquire The Newark Group, Inc. The acquisition is subject to customary closing conditions and required regulatory approvals.
Weyerhaeuser Company (NYSE: WY) today announced the preliminary results of its exchange offer for Weyerhaeuser common shares in connection with the split-off transaction of its homebuilding business, Weyerhaeuser Real Estate Company (“WRECO”). The exchange offer was in connection with the “Reverse Morris Trust” transaction, previously announced on November 4, 2013, pursuant to which a wholly owned subsidiary of TRI Pointe Homes, Inc. (NYSE: TPH) (“TRI Pointe”) will merge with and into WRECO (the “Merger”), with WRECO surviving the Merger and becoming a wholly owned subsidiary of TRI Pointe. Weyerhaeuser intends to accept shares validly tendered in the exchange offer, subject to proration, and expects the closing of the merger to occur on July 7, 2014 following the satisfaction of all closing conditions.
73 of the 132 employees will be relocated to other Group mills and production will be redistributed mainly between the Zaragoza and Motril sites.
Braskem’s Technology and Innovation Center (CT&I) in Triunfo, Rio Grande do Sul invested R$1 million to acquire a new piece of equipment for evaluating the sizes and changes in the polymer chains studied in the laboratories, which are important characteristics for the manufacture and application of the plastic resins developed by the company.
