Thunder Bay Pulp And Paper Acquires Thunder Bay Mill From Resolute Fp Canada
Aug 01, 2023•almost 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.
M&A Insights
Based on deal dataIntegration 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