Suzano and Kimberly-Clark Form $3.4B Global Tissue Joint Venture

Kimberly-Clark Acquires Kenvue

November 3, 2025

Consumer Products

Kimberly-Clark agreed to acquire Kenvue, the Johnson & Johnson spin-off that owns Tylenol, Neutrogena, BAND-AID and other consumer health brands, in a cash-and-stock transaction valued at about $48.7 billion. The deal will combine major consumer-health and personal-care portfolios under Kimberly-Clark and is expected to generate pro forma 2025 net revenues of roughly $32 billion.

Suzano Acquires Two U.S. Industrial Facilities from Pactiv Evergreen

October 24, 2024

Manufacturing

Brazilian pulp and paper producer Suzano S.A. completed the acquisition of two U.S. industrial facilities — the Pine Bluff paper mill (Arkansas) and the Waynesville extrusion facility (North Carolina) — from Pactiv Evergreen Inc. for a combined transaction value of approximately US$110 million. The deal expands Suzano’s manufacturing footprint in the United States and secures additional production assets for its packaging and paper operations.

Sofidel Acquires Clearwater Paper's Tissue Business

November 1, 2024

Manufacturing

Sofidel Group (through Sofidel America Corp.) completed the $1.06 billion cash acquisition of Clearwater Paper Corporation's tissue business (CLW Tissue). The deal transfers four U.S. production plants (Shelby, NC; Lewiston, ID; Las Vegas, NV; Elwood, IL) and ~1,700 employees to Sofidel, increasing Sofidel's North American capacity by about 25% and making it the fourth-largest tissue producer in North America; Clearwater Paper will use proceeds to reduce debt and focus on paperboard packaging.

Aksa Akrilik Kimya Sanayii Acquires Dow’s 50% Stake in DowAksa Joint Venture

June 2, 2025

Manufacturing

Dow has agreed to sell its 50% ownership interest in DowAksa Advanced Composites Holdings BV to Aksa Akrilik Kimya Sanayii A.Ş., the other joint venture partner. The deal is expected to close in the third quarter of 2025, subject to regulatory approvals and other customary closing conditions.

BillerudKorsnäs to acquire Verso Corporation

December 20, 2021

Manufacturing

BillerudKorsnäs has agreed to acquire Verso Corporation, a leading North American coated paper producer, for approximately USD 825 million in cash (USD 27.00 per share). The deal, expected to close in Q2 2022 subject to shareholder and regulatory approvals, gives BillerudKorsnäs a North American platform and includes plans to convert Verso assets into paperboard capacity with up to SEK 9 billion of estimated capex.

KCC Corporation to Fully Acquire Momentive Performance Materials Group

March 28, 2024

Manufacturing

KCC Corporation, the Seoul-based chemicals manufacturer, has entered into an agreement to fully acquire Momentive Performance Materials Group, consolidating ownership and resulting in the exit of minority shareholder SJL Partners LLC. The transaction, which remains subject to customary closing conditions, brings Momentive (a global silicones and specialty materials manufacturer headquartered in Niskayuna, New York) under 100% KCC ownership to support expanded collaboration and capability growth.