Sappi Limited announces its partnership with EcoVadis, a global leader in third-party evaluations of business sustainability performance. The two companies will collaborate to assess the sustainability performance of Sappi’s suppliers through proactive ratings and evaluations using EcoVadis’ methodology. As a global forest products leader, Sappi produces pulp, paper and biomaterials made from woodfibre sourced from well-managed forests and plantations. Sappi’s partnership with EcoVadis demonstrates its commitment to sustainability by empowering the company to gain a clearer view of its supply chain and suppliers, evaluate and promote responsible business practices, and scale its collective contribution to the United Nations Sustainable Development Goals (SDGs) as outlined in its Thrive25 business strategy.

Pixelle Specialty Solutions LLC announced it has completed two strategic investments that will further strengthen its portfolio and enhance service to new and existing customers. On March 31st , Pixelle acquired the specialty paper business Rollsource from Veritiv Corporation. On April 5th , Pixelle acquired the carbonless rolls and security papers business from Appvion Operations Inc. The acquisition of Rollsource includes the book of business primarily serving the forms printer market, and includes a converting facility in Pittsburg, KS. Pixelle will retain key Rollsource employees in order to ensure continuity in operations, sales and customer service. The acquisition of Appvion’s carbonless rolls and security papers business will enable Pixelle to serve new customers with Pixelle’s portfolio of ExcelOne® and Trans/Rite® carbonless papers and broad line of Defensa® security products. No production assets are included in the transaction. Pixelle will manufacture carbonless roll products for former Appvion customers at its Chillicothe, Ohio specialty paper mill, building on decades of experience producing carbonless products.

*Sale of lumber and newsprint assets for approximately $232 million; estimated gain on sale of $6 million, net of tax *Retired $127 million of senior unsecured debt; additional $25 million of senior secured debt repaid in October *Expect significant price increases on the majority of cellulose specialties contracts in 2022 *Net loss from continuing operations was $13 million, $26 million unfavorable to the comparable period in 2020, driven by income tax benefit recorded in the prior year *Targeting EBITDA margin growth focused on lowering cost, improving reliability, executing strategic projects and funding attractive innovation initiatives