In a remarkable turnaround story, Georgia-Pacific’s Monticello linerboard mill exceeded 1 million tons of production in 2024—an achievement shared by only a handful of facilities across North America.
Monticello Mill Hits 1M Tons After Bottom-Up Culture Shift
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Canfor Corporation is announcing that it has entered into an agreement with Millar Western Forest Products Ltd. to acquire the company’s solid wood operations and associated tenure for $420 million, including $56 million in working capital. The purchase price represents a multiple of 3 times 2020 and 2021 average EBITDA. Canfor expects to generate at least $25 million in annual synergies principally related to alignment with the Company’s marketing programs and operational enhancements. Millar Western’s solid wood operations, located in Alberta, Canada, will add 630 million board feet of production capacity and have access to a globally competitive, high-quality timber supply. The assets consist of three well-capitalized operations including two sawmill complexes in Whitecourt and Fox Creek and the high-value, specialty Spruceland Millworks facility in Acheson that is dedicated to serving strategic markets and generates higher, more stable returns.
Solenis has completed its previously announced acquisition of the paper process chemicals business of Kolb Distribution Ltd. The deal also includes a long-term supply agreement, in which the KLK Kolb Group will manufacture paper process chemicals exclusively for Solenis. “Bringing together the Kolb team with our consumer solutions business adds to our ability to deliver expanded offerings and provide cost-effective solutions for our EMEA pulp and paper customers. Kolb’s portfolio includes the latest innovations in deposit control, cleaning and foam control agents that will strengthen our commitment to providing more value to our customers,” said John Panichella, CEO, Solenis.
Pro forma Q2/2021 compared with Q2/2020 (AhlstromMunksjö) • Net sales increased by 21.8% to EUR 757.3 million (621.5). At constant currency rates, net sales increased by 25% on higher volumes • Comparable EBITDA improved to EUR 95.8 million (74.0), representing 12.6% (11.9) of net sales, and was driven by significantly higher sales volumes and an improved product mix. Reported Q2/2021 • Reported operating result was EUR 32.6 million and included items affecting comparability and other items of EUR -18.2 million • Net result was EUR 5.7 million including net financial items of EUR -24.8 million and taxes of EUR -2.1 million