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October 2022
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The Forest Products, Paper & Packaging team at Stifel is pleased to announce we have recently advised on the following landmark transactions in a very challenging financing and M&A environment. All the transactions had an important cross border element and are some of the most transformational transactions in the sector in 2022.
At Stifel we are committed to working rigorously and passionately with our clients and provide them with the full service offering from M&A, Debt Capital Markets, Equity Capital Markets and Restructuring Solutions. With the largest dedicated sector team in Europe and partners in North America, we approach all of our engagements with a can-do and creative attitude.
Thank you,
The Stifel Forest Products, Paper & Packaging Team |
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Beontag, a Brazilian provider of auto adhesive and radio frequency identification (RFID) services, has acquired US-based Technicote, specialised on self-adhesive solutions. |
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Stifel acted as exclusive M&A advisor to Beontag, in a transaction that marked its entry to the North American self-adhesive market. |
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Stifel has been supporting Beontag since 2020 in its internationalization strategy, including its European acquisitions (Stora Enso RFID, Scandstick AB).
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Press release here |
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Stora Enso, a leading provider of renewable packaging products, has agreed to acquire De Jong Packaging Group, based in the Netherlands and one of the largest corrugated packaging producers in the Benelux. |
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Stifel acted as exclusive M&A advisor to Stora Enso, in a transaction that will significantly strengthen Stora Enso’s European market presence in corrugated packaging and provide an entry into the Benelux, Germany and the UK. |
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The sale is expected to close in the first quarter of 2023. |
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Press release here |
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Sonoco, a diversified global packaging leader, has agreed to acquire Skjern Paper in Denmark. |
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Stifel acted as exclusive M&A advisor to Sonoco, in a transaction that expands production capacity for customers and Sonoco converting operations throughout Europe and bordering regions |
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The transaction is expected to be immediately accretive to both earnings per share and cash flow. |
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Press release here |
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Sappi, a global leader in dissolving pulp and paper-based solutions, has agreed to divest its Maastricht mill (Netherlands), its Stockstadt mill (Germany) and its Kirkniemi mill (Finland) to Aurelius. |
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Stifel acted as exclusive M&A advisor to Sappi, in a complex carve-out transaction that will reduce Sappi’s exposure to graphic paper while focusing on segments including packaging and specialty papers, pulp and biomaterials. |
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The sale is expected to close in the first calendar quarter of 2023 once all these conditions have been fulfilled. |
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Press release here |
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Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifelib.com |
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This document is being sent to you for your information only as an investment banking client of Stifel and should not be forwarded outside of your organization. This document has been prepared by the Stifel investment banking division and is not a product of Stifel Research. This document should not be used as a basis for trading in the securities or loans of the companies named herein or for any other investment decision. Dollar volume represents full credit to each underwriter. All transaction announcements above appear as a matter of record only. This document does not constitute an offer to sell, or the solicitation of an offer to buy, the securities or loans of any of the companies named herein, or a solicitation of proxies or votes in connection with any shareholder meeting which may be held in connection with any of these announced transactions, and should not be construed as consisting of investment advice. Stifel does not provide accounting, tax, or legal advice. Stifel collectively refers to Stifel, Nicolaus & Company, Incorporated and other affiliated broker-dealer subsidiaries of Stifel Financial Corp.
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Copyright 2022
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