The Board of Directors of Canfor Corporation approved the construction of a new, state-of-the-art sawmill in Washington, Georgia. The new sawmill, which will cost approximately US$120 million and have a production capacity of 275 million board feet, will employ best-in-class mill technology, capitalizing on an excellent fibre resource in the region to produce high-value dimension and specialty lumber products. Strategically located near the Company’s existing glulam facility in Washington and the larger population centers in Athens and Augusta, the new mill will be able to draw on a strong and skilled employee base. Construction will commence in the second quarter of 2018, with the official start-up projected for the third quarter of 2019. At full run rates, assuming 2017 market pricing, the sawmill is forecast to generate annual EBITDA of approximately US$35 million. Click Read More below for additional information.

Avery Dennison Corporation announced preliminary, unaudited results for its second quarter ended July 1, 2017. Unless otherwise indicated, comparisons are to the same period in the prior year. “We continued to make good progress against our strategic and financial objectives in the second quarter," said Mitch Butier, Avery Dennison President and CEO. "LGM generated strong profitability despite a short-term moderation in organic growth; RBIS had a great quarter, with accelerated sales growth and margin expansion as our multi-year transformation delivers; and IHM continues to make progress against its strategic priorities, including the completion of two acquisitions. “We have raised our outlook for full-year earnings per share, reflecting continued strong operating performance and a reduction in the tax rate," said Butier. "We continue to remain confident that the consistent execution of our strategies will enable us to meet our long-term goals for superior value creation through a balance of profitable growth and capital discipline.” Click Read More below for additional details.

Solenis and NCH Corporation (NCH) announced they have entered into a definitive agreement to merge the NCH business with Solenis. Under the terms of the agreement, Solenis will acquire 100% of NCH stock, creating a more diversified, customer-centric provider of water and hygiene solutions. The Levy Family, owners of NCH since its founding in 1919, will become the largest minority shareholder in Solenis. Finance terms were not disclosed. The transaction is expected to close by the end of 2025 following regulatory approvals and other customary conditions. Solenis and NCH will continue to operate strictly as independent companies until the transaction is complete. Headquartered in Wilmington, Delaware, Solenis is a leading global provider of water and hygiene solutions. The company was acquired by Platinum Equity in 2021. NCH is the quality leader and trusted onsite expert in middle market water treatment and industrial solutions.