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

Principal

New York, United States
Oaklins TM Capital
 Eugene  Lee

Eugene Lee

Analyst

New York, United States
Oaklins TM Capital

Related deals

Seco Tools AB has acquired the cutting tools division of QCT
Industrial Machinery & Components

Seco Tools AB has acquired the cutting tools division of QCT

Seco Tools AB has acquired the cutting tools division of Quimmco Centro Tecnológico S.A. de C.V. (QCT).

Learn more
AVA Monitoring AB has been acquired by Indutrade AB
Industrial Machinery & Components | TMT

AVA Monitoring AB has been acquired by Indutrade AB

AVA Monitoring AB has been sold to Indutrade AB.

Learn more
Walter has acquired Melin Tool Company
Industrial Machinery & Components

Walter has acquired Melin Tool Company

Walter AG, a Sandvik company, has acquired Melin Tool Company. The US is a key market for Walter and this acquisition strengthens its round tool offering, especially for the aerospace industry and the US channel partner market.

Learn more