Tembec Industries Inc. is in advanced negotiations to buy two subsidiaries of La Rochette SA of France for $96.3 million, according to an article in Reuters.
Tembec said it would buy Kraft pulp mill operators CellurhFone and PyrDenDecell, which have a total capacity of 550,000 metric tons of pulp a year
from their mills in France.
If completed, the acquisition would boost Tembec's annual market pulp capacity to 2.2 million metric tons.
Explore the September 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Summa Equity acquires majority stake of Bollegraaf
- PTR adds new inside sales account manager
- Cascade Engineering distributes free carts in Flint, Michigan
- CMRA selects venue for nonferrous recycling event
- Biffa adds C&D recycling firm to its portfolio
- Cliffs lines up funding for Canadian acquisition
- BIR joins plastics life cycle effort
- Black mass analysis in the sights of equipment maker