Paper consolidates

Here's how February's 13-day buying spree changed the global landscape of the forest products industry:

  • Abitibi-Consolidated Inc. (Canada) acquired newsprint producer Donahue Inc. (Canada) from Quebecor Inc. (Canada) for $4.9 billion.
  • UPM-Kymmene Corp. (Finland) paid $6.5 billion to buy Champion International Corp. (U.S.) for its coated-paper business and to acquire a presence in the U.S. and Latin America.
  • International Paper Co. (U.S.) purchased containerboard firm Shorewood Packaging Corp. (U.S.) for $850 million.
  • Stora Enso Oyj (Finland) spent $4.8 billion to merge with Consolidated Papers Inc. (U.S.) in order to obtain a coated-papers presence in North America.
  • Smurfit-Stone Container Corp. (U.S.) announced a $1.4 billion takeover of paperboard manufacturer St. Laurent Paperboard Inc. (Canada).
  • TAGS: Trade
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