Divestiture • Forest Products

New-Indy Containerboard Acquires Resolute Forest Products - Catawba SC Paper and Pulp Mill Operation

On October 2, 2018, New-Indy Containerboard acquired forest products company Resolute Forest Products - Catawba SC Paper and Pulp Mill Operation from Resolute Forest Products for 300M USD

Acquisition Context
  • This is New-Indy Containerboard’s 2nd transaction in the Forest Products sector.
  • This is New-Indy Containerboard’s largest (disclosed) transaction.
  • This is New-Indy Containerboard’s 1st transaction in Canada.
  • This is New-Indy Containerboard’s 1st transaction in Quebec.

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M&A Deal Summary

Date October 2, 2018
Target Resolute Forest Products - Catawba SC Paper and Pulp Mill Operation
Sector Forest Products
Buyer(s) New-Indy Containerboard
Sellers(s) Resolute Forest Products
Deal Type Divestiture
Deal Value 300M USD

Target Company

Resolute Forest Products - Catawba SC Paper and Pulp Mill Operation

Montréal, Quebec, Canada
Resolute Forest Products, Inc. - Catawba, SC, Paper and Pulp Mill operation includes a kraft mill and a pulp dryer to produce market pulp, a thermomechanical pulp mill as well as a lightweight coated paper machine. The facility currently employs 460 people.
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Buyer Overview 1

Buyer

New-Indy Containerboard

Ontario, California, United States

Category Company
Sector Packaging
DESCRIPTION

New-Indy Containerboard LLC is a manufacturer and supplier of recycled container boards to the corrugated box industry.


Deal Context for Buyer #
Overall 2 of 3
Sector: Forest Products 2 of 2
Type: Divestiture 1 of 1
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2018 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Hartford City Paper

Hartford City, Indiana, United States

Hartford City Paper LLC is a manufacturer of recycled papers primarily for use in the production of corrugated packaging.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Proactive Packaging and Display

Ontario, California, United States

Proactive Packaging and Display LLC is an award-winning producer of high-impact corrugated display packaging and merchandising formats for the retail environment. Proactive Packaging and Display LLC design manufacture and assembles custom packaging in a 240,000 sq. ft. a facility using world-class direct print and digital presses capable of printing up to eight colors.

Buy -

Seller Profile 1

SELLER

Resolute Forest Products

Montreal, Quebec, Canada

Category Company
Sector Forest Products
Employees7,700
Revenue 4.3B USD (2014)
DESCRIPTION

Resolute Forest Products is engaged in the forest products industry with a diverse range of products, including newsprint, specialty papers, market pulp and wood products. The company owns or operates some 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada. Barclays is based in Montreal, Quebec.


Deal Context for Seller #
Overall 3 of 4
Sector: Forest Products 2 of 3
Type: Divestiture 3 of 4
State: Quebec 1 of 1
Country: Canada 1 of 2
Year: 2018 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 Resolute Forest Products - Resolute Forest Products Recycled Pulp Mill

Fairmont, West Virginia, United States

Resolute Forest Products, Inc. - Resolute Forest Products Recycled Pulp Mill is engaged in the business of manufacturing and distributing recycled pulp used in a wide range of products, from packaging to tissue paper. Located in the northern part of West Virginia, the Mill has an annual production capacity of approximately 218,000 metric tonnes, and is one of three pulp mills in the world that produces air-dried recycled pulp.

Sell $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-24 Conifex Timber - Three U.S. Sawmills

United States

Conifex Timber's Three U.S. Sawmills produce construction-grade dimensional lumber and decking products.

Buy $163M