Acquisitions · Paperboard (liquid packaging)

Nippon Paper buys Weyerhaeuser's liquid packaging board business for $285 million

Buyer: Nippon Paper Industries (via a new US subsidiary) (Tokyo)
Target: Liquid packaging board business of Weyerhaeuser, Longview, Washington
Value: $285M in cash
Status: Agreed on June 15, 2016 (June 16 in Japan); completed in 2016.
Date: 2016-06-15

Nippon Paper Industries agreed to buy the liquid packaging board business of Weyerhaeuser in Longview, Washington, for $285 million in cash through a new US subsidiary. The business makes board used for milk and juice cartons.

Why it matters

The deal gives Nippon Paper its own US mill for carton board, a product it already supplies in Japan.

Sources

Weyerhaeuser (press release filed with the SEC)
Nihon M&A Center (summary of TDnet filing, Japanese)

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