Ahlström Collective Impact (ACI), a joint responsibility initiative by a group of companies and foundations, will continue supporting UNICEF’s global education efforts in 2025 and remains committed to advancing children’s rights in business. This year, Ahlström Collective Impact’s contribution to UNICEF’s education work amounts to over €750,000. Support from the private sector is critically important in today’s increasingly complex global landscape, where cuts by several donor countries to international aid threaten UNICEF’s global efforts to uphold children’s rights.

"We are pleased with the support expressed by our employees. The company and the union have invested a great deal of time and resources over the last several years addressing public policy issues facing our company and industry. The collaborative environment we enjoy today is built on mutual trust and transparency," said Yves Laflamme, president and chief executive officer. "Our employees and their union leaders are committed to help keep our Canadian pulp and paper mills competitive, while providing stability for our customers, shareholders, communities and other partners." The collective agreements cover approximately 1,100 hourly employees represented by Unifor at Resolute's Amos, Baie-Comeau, Dolbeau, Gatineau, Kénogami and Saint-Félicien mills in Quebec, and Thunder Bay mill and indefinitely idled Thorold facility in Ontario. The eight operations account for about 40% of the company's total pulp and paper capacity. Click Read More below for additional information.

Sappi and UPM have today announced the signing of a non-binding letter of intent to form a non-listed, independent 50/50 Joint Venture for graphic paper. This Joint Venture will bring together Sappi’s European Graphic Paper business with UPM’s Communication Papers business in Europe, the UK and the US. Sappi and UPM will sell their respective businesses and assets mentioned below to the newly formed Joint Venture with a combined enterprise value of €1,420 million excluding the value of the expected synergy benefits. At closing the Joint Venture will raise debt to fund the purchase prices payable to Sappi and UPM respectively. The Joint Venture’s dividend policy will be to distribute all excess cash to its shareholders.   The Sappi business is valued at €320 million which, based on an FY2025 EBITDA of €64 million represents a 5x multiple. Sappi will transfer pension and other liabilities of €53 million and net assets valued at €267 million to the Joint Venture. In return Sappi will receive cash of €139 million and 50% shareholding in the Joint Venture.   The UPM business is valued at €1,100 million, which represents a 4.6x multiple of the last reported 12 months to September 2025 EBITDA. UPM will transfer pension and other liabilities of €360 million and net assets of €740 million to the Joint Venture. In return UPM will receive cash of €613 million and 50% shareholding in the Joint Venture.  Sappi will contribute the following assets: Gratkorn Mill (Austria); Ehingen Mill (Germany), Maastricht Mill (The Netherlands), and Kirkniemi Mill (Finland); as well as Sappi Europe’s wood supply Joint Ventures. UPM will contribute their Communication Papers business assets which are located at the following UPM mills: Augsburg (Germany), Schongau (Germany), Nordland paper lines 1 and 4  (Germany),  Rauma including UPM RaumaCell (Finland), Kymi (Finland), Jämsänkoski paper line 6 (Finland), Caledonian (United Kingdom), and Blandin (United States of America).