The shutdown involves interrupting paper production to perform the maintenance required to ensure the equipment's proper functioning and safety as well as the quality of the production process.
AR Packaging announced today that funds advised by CVC Capital Partners have signed a binding agreement to acquire ÅR Packaging Group AB. Under the terms of the transaction, CVC will acquire 100% of the company from its current owners, Ahlstrom Capital and Accent Equity.
Finnish-headquartered food and drink packaging giant Huhtamaki has funneled more than half-a-billion dollars through Dublin-registered company Huhtamaki Ireland Unlimited as part of a complicated intra-company 'hybrid loan' finance structure involving wholly-owned subsidiaries in Luxembourg, Netherlands, Hungary, Switzerland and America.
Australia-based Licella Fibre Fuels Pty Ltd. and Canada-based Canfor Pulp Products Inc., through its subsidiary Canfor Pulp Ltd., have signed an agreement to form a joint-venture: Licella Pulp Joint Venture.
According to a WARN notice filed with the New Jersey Department of Labor and Workforce Development, the jobs will be cut as of July 16. Positions eliminated include cutting and press operators, as well as inspectors, laborers and others.
