M&A Deal Summary

NorPaper Group Acquires Boralex - Blendecques Cogeneration Plant

On April 30, 2021, NorPaper Group acquired renewable energy company Boralex - Blendecques Cogeneration Plant from Boralex

Acquisition Highlights
  • This is NorPaper Group’s 1st transaction in the Renewable Energy sector.
  • This is NorPaper Group’s 1st transaction in Canada.
  • This is NorPaper Group’s 1st transaction in Quebec.

M&A Deal Summary

Date 2021-04-30
Target Boralex - Blendecques Cogeneration Plant
Sector Renewable Energy
Buyer(s) NorPaper Group
Sellers(s) Boralex
Deal Type Divestiture

Target

Boralex - Blendecques Cogeneration Plant

Kingsey Falls, Quebec, Canada
Boralex, Inc. - Blendecques Cogeneration Plant is a 12 MW Blendecques cogeneration plant that produces renewable power.

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Buyer(S) 1

Buyer

NorPaper Group

Blendecques, France

Category Company
Founded 1986
Sector Forest Products
Employees160
DESCRIPTION

NorPaper Group is a manufacture of white testliner (a component of carton packaging). NorPaper specialized in recycled corrugated cardboard and packaging products. NorPaper Group is based in Blendecques, France.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Boralex

Kingsey Falls, Quebec, Canada

Category Company
Founded 1982
Sector Renewable Energy
Employees753
Revenue 1.0B CAD (2023)
DESCRIPTION

Boralex is a power producing company involved in developing and operating renewable energy power stations. The company has four power generation types — wind, hydroelectric, thermal and solar. Boralex was founded in 1982 and is based in Kingsey Falls, Canada.


DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 2
State (Quebec) 1 of 2
Country (Canada) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-20 Kallista Energies Renouvelables

Paris, France

Kallista Energies Renouvelables owns and operates 15 wind farms giving a total capacity of 163 MW, which are mainly situated within a 300km radius to the north, west and south of Paris.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Boralex - Senneterre Power Plant

Kingsey Falls, Quebec, Canada

Boralex's Senneterre Power Plant provides a 34.5 MW power plant.

Sell -