The acquisition will significantly strengthen Stora Enso's presence in European packaging markets and provide an entry into the corrugated packaging market in the Netherlands, Belgium, Germany and the UK.
Paper Excellence Group, a private company controlled by an Indonesian billionaire, is poised to expand in Canada's forestry industry by diversifying into the lumber sector with its contentious takeover of Resolute Forest Products Inc.
More than 480 paper mill workers from the Mahrts Mill in Cottonton, AL have been off the job after a dispute over contract agreements since October 2022.
