The Watermill Group received court approval today to acquire Manistique Papers, the only company in North America producing high-value uncoated printing and writing paper exclusively from 100% recycled fiber. The purchase agreement was finalized following an auction and confidential bidding process. Watermill also owns FutureMark, maker of recycled coated mechanical paper.
Tuesday, April 17, 2012
Watermill Buys Mainistique
http://www.reuters.com/article/2012/04/17/idUS200308+17-Apr-2012+BW20120417Manistique
Catalyst Creditors Meeting in May, Crofton Union Votes
Catalyst Paper has announced that meetings of its secured and unsecured creditors to consider the plan of arrangement under the Companies’ Creditors Arrangement Act have been changed from April 23, 2012 to May 2, 2012.
Separately, union workers at the Crofton Pulp and Paper (uncoated mechanical) mill have cemented in place their new collective agreements in the event Catalyst Paper loses ownership of its B.C. operations.
Resolute/Fibrek Fight Goes On
http://www.fibrek.com/en/media/
Fibrek Inc. reminded shareholders today that the $1.40 per share offer made by Mercer International Inc. ("Mercer") remains in force and Fibrek shareholders continue to have the ability and the right to tender their shares to this superior offer.
Direct Marketing Hiring Steady
Direct marketing hiring outlook stable: After a spike in first-quarter hiring of digital and direct marketers, companies plan to hold firm on staffing this spring. According to Bernhart's latest “Quarterly Digital and Direct Marketing Employment Report,” 50% of companies said they plan to add to staff in the second quarter,
Hearst's House Beautiful & HSN Partners
House Beautiful Introduces Television Partnership With HSN: Hearst’s House Beautiful is taking to the small screen this year—the publication is launching a partnership with HSN, formerly known as the Home Shopping Network, to raise awareness about the brand and foster commerce and consumer interaction.
Evaluating the Digital Audience
Managing the Digital Audience: Managing a digital audience is truly a mixed bag: on one hand, it is now possible to understand more about who is consuming what content, where and how-maybe even why; on the other hand, it can be incredibly complicated, despite all the advantages, to do so.
Q1 Industrial Production Up 5.4%
http://www.businessweek.com/news/2012-04-17/u-dot-s-dot-march-industrial-production-and-capacity-report-text
Industrial production was unchanged in March for a second month but rose at an annual rate of 5.4% in the first quarter of 2012. Manufacturing output declined 0.2% in March but jumped 10.4% at an annual rate in the first quarter.
March Retail Sales Up
Sales at U.S. retailers rose sharply for the third straight month in March, as Americans continued to weather the hike in gasoline prices and splurged on buying new cars and renovating their homes.
Retail sales jumped 0.8% in March, after advancing 1% in February, Commerce Department figures showed Monday.
GAO Reports USPS Excess Capacity
USPS dealing with excess of infrastructure, employees: According to the GAO report, the USPS has 461 processing centers but only needs 238. There are about 8,000 processing machines but with mail capacity for only 5,000; and, out of 154,000 postal employees, there is work for just 119,000, according to the report.
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