1. Brazil's Suzano Nears Deal for Pactiv's Arkansas Mill.
- Author
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Tan, Gillian and Gamarski, Rachel
- Subjects
EVERGREENS ,PINE ,TIME perspective - Abstract
Brazil's Suzano SA is close to finalizing a deal to acquire Pactiv Evergreen Inc.'s Pine Bluff mill in Arkansas for over $100 million. The transaction is expected to be announced in the coming week, although there is a possibility that talks could fall through. Suzano's purchase of the mill comes after the company abandoned its pursuit of International Paper Co. The acquisition would allow Suzano, the world's largest pulp producer, to expand internationally and diversify its operations into the packaging sector. Pactiv Evergreen has been exploring strategic alternatives for the mill but has not set a specific timetable. [Extracted from the article]
- Published
- 2024