M&A Deal Summary

Billerud Acquires Verso

On December 20, 2021, Billerud acquired forest products company Verso for 825M USD

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

M&A Deal Summary
Date 2021-12-20
Target Verso
Sector Forest Products
Buyer(s) Billerud
Deal Type Add-on Acquisition
Deal Value 825M USD
Advisor(s) Rothschild Global Advisory (Financial)
Kirkland & Ellis (Legal)

Target

Verso

Miamisburg, Ohio, United States
Verso is a producer of graphic, specialty, and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Verso has two paper mills in Michigan, a roll to sheet converting facility in Wisconsin (paper production idled), and two distribution centers in Sauk Village, Illinois, and Bedford, Pennsylvania. The production facilities are strategically located within close proximity to major customers, and the annual production capacity totals around 1.1 million tonnes of paper. Verso was founded in 2006 and is based in Miamisburg, Ohio.

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Buyer(S) 1

Buyer

Billerud

Stockholm, Sweden
Category Company
Founded 1926
Sector Forest Products
Employees5,833
Revenue 41.2B SEK (2023)
DESCRIPTION

Billerud is a pulp and paper manufacturer that provides packaging materials and solutions that challenge conventional packaging for a sustainable future. It is a provider of primary fiber-based packaging materials and has customers in over 100 countries. Billerud was formed in 1926 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-31 Pelta Medical Papers

Cumbria, United Kingdom

Pelta Medical Papers is a provider of premium kraft paper for the packaging of medical equipment. Pelta Medical Papers was founded in 2021 and is based in Cumbria, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Billerud Managed Packaging

Stockholm, Sweden

Billerud Managed Packaging offers customized packaging solutions to global brands and retail chains with manufacturing in Asia and has a large network of production partners. Managed Packaging is based in Asia, Europe and USA.

Sell -
Mergr

Product

Company

Legal