Stora Enso Oyj announces the proposed members for the Board of Directors of the new forest asset company planned to be demerged from Stora Enso (the “New Company”). The demerger is expected to be completed in the first half of 2027.
Proposed members to the Board of Directors of the new forest company planned to be separated from Stora Enso
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Resolute Forest Products Inc. announced the appointment of Patrice Minguez as president of the company's tissue group. This is a new role, reporting to Richard Garneau, president and chief executive officer. Patrice Minguez will serve as a member of Resolute's Executive Team and will oversee all tissue operations as well as sales and marketing functions. This includes the Atlas Tissue operations in Florida and the new state-of-the-art tissue and converting facilities at Calhoun, Tennessee. He will also be accountable for the company's Calhoun pulp and paper mill. Click Read More below for additional details.
Appleton Coated, a mill that shut abruptly last fall when it went into receivership, has been inching back to life, with its third machine restarted Monday (March 26) and 230 of its 600 employees recalled to work.
Its improbable rebirth is coming under an equally improbable owner, used machine dealer Industrial Assets Corp.
Other mills that shut in the past, like NewPage in Kimberly, are no more than a pile of rocks today.
Appleton Coated, instead, is getting back on its feet.
Kimberly-Clark Corporation (NASDAQ: KMB), a global personal care leader, and Kenvue Inc. (NYSE: KVUE), a global consumer health leader, today announced an agreement under which Kimberly-Clark will acquire all of the outstanding shares of Kenvue common stock in a cash and stock transaction that values Kenvue at an enterprise value of approximately $48.7 billion, based on the closing price of Kimberly-Clark common stock on October 31, 2025. The total consideration represents an acquisition multiple of approximately 14.3x Kenvue's LTM adjusted EBITDA1 or 8.8x including expected run-rate synergies of $2.1 billion, net of reinvestment.
This transaction brings together two iconic American companies to create a combined portfolio of complementary products, including 10 billion-dollar brands, that touch nearly half the global population through every stage of life. The combined company, with teams of talented people around the globe, will harness a superior commercial engine – fueled by strategic customer partnerships, category-defining growth, industry-leading science and innovation, a differentiated digital model, best-in-class marketing and a culture of operating excellence – to unlock the full potential of the combination and better meet the evolving needs of consumers.