– Strategic collaboration to convert lignocellulosic feedstocks into cost competitive sugars
KapStone Paper and Packaging Corporation (NYSE: KS) and Longview Fibre Paper and Packaging, Inc. jointly announced today that they have signed an agreement for KapStone to acquire the stock of Longview Fibre Paper and Packaging, Inc. from Brookfield Capital Partners II, a private equity fund managed by Brookfield Asset Management Inc. in a cash free, debt free transaction for $1.025 billion in cash and subject to certain post-closing adjustments. Closing of the acquisition is subject to a number of customary conditions, including regulatory review.
The agreement covers maintenance operations for three pulp lines and five paper machines
Japanese general heavy equipment manufacturer IHI Corporation and Voith Paper founded Voith IHI EcoSolutions GmbH & Co. KG. The joint venture, in which both Voith and IHI hold an interest of 50 percent each, is being technically managed by Voith Paper and will be headquartered in Heidenheim, Germany.
Eastman Chemical Company (NYSE:EMN) was named 2013 Responsible Care Company of the Year by the American Chemistry Council (ACC) in recognition of superior health, safety, environmental and security (HSE&S) performance.
Last night at the Royal Ontario Museum in Toronto, Alain Lemaire, Executive Chairman of the Board at Cascades, was named “Greenest CEO in Canada”, a recognition initiated by Corporate Knights, an organization specialized in the promotion of good corporate practices in terms of social responsibility. This prestigious award, given for the first time, was presented to Mr. Lemaire before more than 500 guests gathered as part of Corporate Knight’s 12th annual gala which reveals and honours Canada’s best 50 corporate citizens.
MacDermid, Incorporated (“MacDermid” or the “Company”), a leading global manufacturer of specialty chemicals to the electronics, industrial, offshore and printing industries, announced today the results to date of the cash tender offer for any and all of the outstanding $350,000,000 in aggregate principal amount of its 9½% Senior Subordinated Notes due 2017 (the “Notes”) and the related solicitation of consents to certain amendments (the “Proposed Amendments”) to the indenture governing the Notes to eliminate substantially all of the restrictive covenants and certain events of default contained therein.
