logo
logo

Thunder Bay Pulp And Paper Acquires Thunder Bay Mill From Resolute Fp Canada

Aug 01, 2023almost 2 years ago

Acquiring Company

THUNDER BAY PULP

Acquired Company

THUNDER BAY PULP

Description

Atlas Holdings ("Atlas") announced today the closing of the previously announced acquisition of the pulp, newsprint and directory paper mill operations in Thunder Bay, Ontario ("Thunder Bay" or "Mill") from Resolute FP Canada Inc. by Atlas' affiliate, Thunder Bay Pulp and Paper Inc.

Company Information

Company

THUNDER BAY PULP

Company

PAPER

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed