M&A Deal Summary

Nine Dragons Paper Acquires ND Paper

On May 25, 2018, Nine Dragons Paper acquired forest products company ND Paper from Catalyst Paper for 175M USD

Acquisition Highlights
  • This is Nine Dragons Paper’s 1st transaction in the Forest Products sector.
  • This is Nine Dragons Paper’s largest (disclosed) transaction.
  • This is Nine Dragons Paper’s 1st transaction in the United States.
  • This is Nine Dragons Paper’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-05-25
Target ND Paper
Sector Forest Products
Buyer(s) Nine Dragons Paper
Sellers(s) Catalyst Paper
Deal Type Divestiture
Deal Value 175M USD

Target

ND Paper

Oakbrook Terrace, Illinois, United States
ND Paper LLC is a global paper product manufacturer and the largest containerboard producer in China and Asia. Nine Dragons has an extensive product line of kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, high performance corrugating medium, coated duplex board, and coated white board. These products, along with the Rumford and Biron product lines, provide a one-stop shop for a broad variety of your needs in packaging and paper products.

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Buyer(S) 1

Buyer

Nine Dragons Paper

Dongguan, China
Category Company
Founded 1995
Sector Forest Products
Employees23,079
Revenue 56.7B CNY (2023)
DESCRIPTION

Nine Dragons Paper (Holdings) is an environmentally friendly manufacturer of various types of paper and paper-based products. Nine Dragons is the largest containerboard producer in China and Asia and a leading paper product manufacturer globally. It is primarily engaged in the production and sale of a broad variety of packaging paperboard products, including linerboard, high performance corrugating medium, coated duplex board, as well as recycled printing and writing paper and specialty paper. It operates nine mills and 39 machines with total annual production capacity of over 14 million tonnes. Nine Dragons Paper (Holdings) was founded in 1995 and is based in Dongguan, China.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Catalyst Paper

Richmond, British Columbia, Canada
Category Company
Founded 1946
Sector Forest Products
Employees2,700
Revenue 2.0B CAD (2015)
DESCRIPTION

Catalyst Paper Corp. is a producer of mechanical printing paper and a recognized leader in sustainable business practices, Catalyst Paper manufactures a broad range of high quality products ideally suited to our times.

DEAL STATS #
Overall 2 of 3
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 Verso Paper - Two Paper Mills

United States

Buy $74M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-15 Snowflake

Bozeman, Montana, United States

Snowflake is an entity which provides a cloud-based data platform in the United States and internationally. Snowflake was founded in 2012 and and is based in Bozeman, Montana.

Sell -
Mergr

Product

Company

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