Nordic Paper Holding’s CAD$92 Million Acquisition of Glassine Canada

Osler, Hoskin & Harcourt LLP provided counsel to Deerfield Specialty Papers Inc. on the sale of Glassine Canada to Nordic Paper.

Nordic Paper Holding AB (OM:NPAPER) agreed to acquire Glassine Canada Inc for CAD 92 million. 

The transaction will be financed by Nordic Paper using cash and its existing credit facilities of CAD56. 3 million.

Nordic Paper Holding AB is a Scandinavian specialty paper producer that supplies kraft and natural greaseproof paper to over 70 countries.

Glassine Canada Inc. is a Canadian company that specializes in manufacturing greaseproof paper for food applications, based in Québec.

The Osler team consisted of Niko Veilleux (Picture), Calvin Leung and Jordana Corber-Tovel (Corporate), Alain Fournier, Jean-Philippe Dionne (Tax), Caroline Stephens (Real Estate), and Patrick Welsh (Environmental).

 

Involved fees earner: Jordana Corber-Tovel – Osler Hoskin & Harcourt; Jean-Philippe Dionne – Osler Hoskin & Harcourt; Alain Fournier – Osler Hoskin & Harcourt; Calvin Leung – Osler Hoskin & Harcourt; Caroline Stephens – Osler Hoskin & Harcourt; Niko Veilleux – Osler Hoskin & Harcourt; Patrick Welsh – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Deerfield Specialty Papers;

Sonia Carcano

Author: Sonia Carcano