financetom
Business
financetom
/
Business
/
Brazil's Suzano agrees to buy two US paper plants from Pactiv for $110 mln
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil's Suzano agrees to buy two US paper plants from Pactiv for $110 mln
Jul 12, 2024 3:34 PM

SAO PAULO, July 12 (Reuters) - Brazilian pulpmaker

Suzano has reached an agreement to buy two paper

plants from U.S-based packaging firm Pactiv Evergreen ( PTVE )

for $110 million, the companies announced in filings on Friday.

Under the deal, Suzano will buy a mill in Pine Bluff,

Arkansas, and a facility in Waynesville, North Carolina, which

produce paper used for cups as well as food and beverage

packaging materials, according to the companies.

In its filing, Suzano specified that the plants have a

total paperboard production capacity of about 420,000 metric

tons per year.

The two companies also agreed on a long-term deal under

which Pactiv Evergreen ( PTVE ) will provide services to Suzano in the

plants, and the Brazilian firm will supply Pactiv with

paperboard.

The firms expect to close the deal this year.

The agreement comes about two weeks after Suzano

terminated talks

to potentially acquire International Paper.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alcoa says Q2 order book strong despite tariffs, assessing Spain power risks
Alcoa says Q2 order book strong despite tariffs, assessing Spain power risks
May 25, 2025
* Alcoa ( AA ) says no visibility on orders past the first-half * Company has no plans to build a new U.S. smelter * Says difficult to have electro-intensive business if Spain's grid is unstable (Recasts and writes through) By Melanie Burton MELBOURNE, May 1 (Reuters) - Aluminium producer Alcoa ( AA ) said on Thursday its order book...
Rio Tinto shareholders vote against review of its dual-listed structure
Rio Tinto shareholders vote against review of its dual-listed structure
May 25, 2025
MELBOURNE/LONDON, May 1 (Reuters) - Rio Tinto said on Thursday that more than 80% of its shareholders had voted against a review of the mining company's dual-listed structure, in line with its board's recommendations. The mining giant said 19.35% of shareholders had voted for the motion, just shy of the 20% threshold that would have required it to consult more...
National Fuel Gas Fiscal Q2 Adjusted Earnings, Revenue Rise; Lifts Fiscal 2025 Guidance
National Fuel Gas Fiscal Q2 Adjusted Earnings, Revenue Rise; Lifts Fiscal 2025 Guidance
May 25, 2025
04:09 AM EDT, 05/01/2025 (MT Newswires) -- National Fuel Gas Co. ( NFG ) reported late Wednesday fiscal Q2 adjusted earnings of $2.39 per share, up from $1.79 per share a year earlier. Analysts polled by FactSet expected $2.21 per share. Revenue for the quarter ended March 31 was $730 million, up from $629.9 million a year earlier. Analysts polled...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved