AMERICAN TISSUE INC., Hauppauge, N.Y., a paper and tissue maker which defaulted on its loans last month, said it would seek Chapter 11 bankruptcy protection.
The tissue maker Svenska Cellulosa said yesterday that it had bought the Encore Paper Company for $92 million to increase its market share in the United States.
Svenska Cellulosa, Europe's biggest tissue maker, named Jan Johansson chief executive, succeeding Jan Aastroem, who will step down in a surprise reshuffle of top management.
C1 Paper Company Deal Georgia-Pacific said it would buy the Fort James Corporation in a $7.5-billion 7.5-billion, creatransactionrld's largest tissue maker.
Svenska Cellulosa of Sweden, a leading European tissue maker, agreed to buy the Alloyd Company of the United States for 740 million kronor ($93.9 million).
The suit aserted that Kimberly-Clark, which is based in Dallas and is the world's top tissue maker, and other manufacturers -- including the Fort James Corporation, North America's No. 1 tissue maker, and Georgia Pacific, the No. 2 United States forest products company -- had conspired to raise the price for tissues, toilet paper, paper towels, paper napkins and other items.
The company, the lumber, paper and tissue maker, plans to record that amount as a fourth-quarter expense, without which the period would have had profit of $34 million, the company said.
HONG KONG — The SCA Group, a Swedish tissue and toiletries company, said Monday that it would offer 8.6 billion Hong Kong dollars, or $1.1 billion, to acquire all the shares in the Chinese tissue maker Vinda International.
DealBook » Swedish Tissue Maker Bids $1.1 Billion for Chinese Peer | Sweden's SCA Group offered on Monday to pay $1.1 billion for all of the shares in the Chinese paper hygiene products company Vinda International that it did not already own.
Svenska Cellulosa, a tissue maker based in Sweden, may be emerging as the primary bidder for factories that the Georgia-Pacific Group would have to divest to win antitrust approval for its $11.2 billion purchase of the Fort James Corporation, Bloomberg News reported yesterday, citing unidentified sources.
