Go to deals
Industrial Machinery & Components

Resolute Forest Products Inc. has divested its Catawba, SC paper and pulp mill to New-Indy Containerboard, LLC

Resolute Forest Products Inc. (NYSE: RFP) has sold its Catawba, South Carolina pulp and paper mill to New Indy Containerboard, LLC for approximately US$300 million, including the assumption of approximately US$40 million of balance sheet liabilities, largely net pension benefit obligations.

Catawba’s 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.

New Indy Containerboard is a joint venture between The Kraft Group and Schwarz Partners; apart from Catawba, it owns and operates four mills in the United States focused on the production of recycled containerboard and custom packaging solutions.

Headquartered in Montreal, Canada, Resolute Forest Products is a major producer of lumber, woodchips, wood pulp and paper products including newsprint, coated papers and tissue.

One of Oaklins’ teams in the USA advised Resolute Forest Products on the sale of its Catawba, South Carolina paper and pulp mill.

Service
M&A sell-side
Parties

Talk to the deal team

 Jonathan I. Mishkin

Jonathan I. Mishkin

Managing Director

New York, United States
Oaklins TM Capital
 Andy  Krna

Andy Krna

Managing Director

New York, United States
Oaklins TM Capital

Related deals

Cie Normand has been acquired by Metal Pless
Industrial Machinery & Components

Cie Normand has been acquired by Metal Pless

The current owners of Cie Normand Ltd., the fifth generation of Normand brothers, have sold the company to Metal Pless Inc.

Learn more
Axel Johnson International has acquired Caldan Conveyor
Industrial Machinery & Components

Axel Johnson International has acquired Caldan Conveyor

Axel Johnson International AB has expanded within industrial automation through the acquisition of Caldan Conveyor A/S, creating a strong partnership in the delivery of overhead and floor conveyor systems. Caldan will become an integral part of Axel Johnson International’s recently formed industrial automation segment and part of the business group Industrial Solutions. The transaction is subject to clearance by relevant local competition authorities.

Learn more
Nolato has acquired US-based GW Plastics
Industrial Machinery & Components

Nolato has acquired US-based GW Plastics

Nolato AB has acquired GW Plastics, Inc. The acquisition significantly strengthens Nolato's position in North America, making the company a truly global partner to its customers.

Learn more