M&A Deal Summary

Sappi Acquires Potlatch - Fine Coated Paper Business

On March 19, 2002, Sappi acquired forest products company Potlatch - Fine Coated Paper Business from PotlatchDeltic for 480M USD

Acquisition Highlights
  • This is Sappi’s 1st transaction in the Forest Products sector.
  • This is Sappi’s largest (disclosed) transaction.
  • This is Sappi’s 1st transaction in the United States.
  • This is Sappi’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2002-03-19
Target Potlatch - Fine Coated Paper Business
Sector Forest Products
Buyer(s) Sappi
Sellers(s) PotlatchDeltic
Deal Type Divestiture
Deal Value 480M USD

Target

Potlatch - Fine Coated Paper Business

Cloquet, Minnesota, United States
Potlatch Corporation's fine coated paper business consists of a paper mill in Cloquet, Minnesota.

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Buyer(S) 1

Buyer

Sappi

Johannesburg, South Africa

website

Category Company
Sector Forest Products
Revenue 6.3B USD (2012)
DESCRIPTION
Sappi paper mill located in Cloquet, Minnesota.
Sappi paper mill located in Cloquet, Minnesota.

Sappi Limited (formerly South African Pulp and Paper Industries), is a global pulp and paper company. Sappi was formed in 1936 and is based in Johannesburg.

DEAL STATS #
Overall 1 of 2
Sector (Forest Products) 1 of 2
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2002) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 Sappi Kraft Recycled Packaging Paper Mill

South Africa

Sappi Kraft Recycled Packaging Paper Mill engages in manufacturing of corrugated paper products.

Sell -

Seller(S) 1

SELLER

PotlatchDeltic

Spokane, Washington, United States

website

Category Company
Sector Real Estate
Employees1,316
Revenue 1.3B USD (2022)
DESCRIPTION

PotlatchDeltic is a Real Estate Investment Trust (REIT) with millions of acres of timberland in Arkansas, Idaho and Minnesota. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. PotlatchDeltic was founded in Spokane, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Deltic Timber

El Dorado, Arkansas, United States

Deltic Timber Corporation is a natural resources company focused on the efficient and environmentally responsible management of its land holdings. The Company owns approximately 530,000 acres of timberland, operates two sawmills and a medium density fiber-board plant, and is engaged in real estate development. Headquartered in El Dorado, Arkansas, the Company’s operations are located primarily in Arkansas and north Louisiana.

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