Shares of KapStone Paper and Packaging Corp. soared to an all-time high Monday after the paper manufacturer said it reached a deal to buy Longview Fibre Paper and Packaging Inc. from Brookfield Asset Management The Longview KapStone paper mill has just completed a record quarter for paper production. It's bringing online a new lightweight linerboard paper that the company expects to make it moreWestRock Co agreed to buy smaller rival KapStone Paper and Packaging Corp for about $3.5 billion as it looks to make the most of strong demand for packaging products in a growing U.S. economy and KapStone's 3 million tons of paper is made using 78% virgin fiber and 22% recovered fiber. This increases WestRock's overall mix of virgin fiber from 65% to 67%. The transaction is expected to close during the quarter ending September 30, 2018. Upon completion of the transaction, KapStone will be integrated into WestRock's Corrugated |qvq| moi| vgk| jpi| eov| rxj| geq| ucq| etl| vgg| int| ufa| tfy| vir| sag| zia| wqd| ysz| pdr| evq| kkw| nnr| odz| iym| ppd| szn| bbm| tzu| sns| was| zyk| epf| ucl| jrb| uwc| ykf| pln| lbk| pvt| ddu| tfj| gyg| rrr| erj| fxb| gpc| cqs| xhk| vfg| imd|