Bain Capital Private Equity, a leading global private equity firm, through Fedrigoni Holding Ltd, has entered into a definitive agreement to acquire Gruppo Cordenons, a leading international manufacturer of high end specialty papers for luxury packaging and premium publishing applications. The transaction remains subject to customary regulatory approvals, as the company says in the press release received by Lesprom Network. Gruppo Cordenons will be acquired and managed as an independent company. However, over time, Fedrigoni Group shareholders see a significant opportunity to share best practices, increase operations know-how and improve service and innovation by strengthening its range of high value-added special papers and key relationships with customers, supplemented by a brand that is widely recognized on international markets, where Gruppo Cordenons generates almost 70% of its turnover. Click Read More below for additional information.

WestRock is undertaking extensive efforts to identify, contain and recover from this incident quickly and securely. Upon discovering the incident, WestRock immediately began an investigation, implemented business continuity processes and initiated response containment protocols with the support of cybersecurity experts. These actions included proactively shutting down certain systems in an abundance of caution, as well as taking steps to supplement existing security monitoring, scanning and protective measures. The Company also implemented measures, including manual processes, to respond to customers’ needs. The Company is now systematically bringing its information systems back online in a controlled, phased approach. “We remain relentlessly focused on remediating this incident while continuing to safely operate our mills and converting plants,” said Steve Voorhees, chief executive officer. “I am proud of the focus and determination of the WestRock team as we manage through this incident and deliver essential products for our customers.” All of WestRock’s mills and converting locations are producing and shipping paper and packaging. The Company’s mill system production through February 4 was approximately 85,000 tons lower than plan, and the packaging converting operations are close to returning to full planned production levels.

Sappi North America announces a US$3.00 per CWT transactional price increase on new and unconfirmed orders that book with confirmed delivery dates on or after Monday, January 1, 2018 on the following packaging and specialty products: • Fusion Topliner • Parade Prima • Algro Design • Algro Finess • Algro Fin • Algro Teepack • Algro Kraft Y • Algro Sol • Leine Kraft • Leine Mühle • Leine Silk. Standard differentials and upcharges apply. The price increase includes all basis weights and finishes.