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WhatTheyThink: February M&As and restructuring in printing, packaging and related industries; Fedrigoni acquires Mohawk Papers and shutters Crane Stationery division; Clearwater Paper acquires bleached paperboard facility in Georgia from Graphic Packaging

Fedrigoni acquires certain assets of Mohawk Fine Papers, which Fedrigoni partnered with in September 2022 to strengthen distribution of specialty fine papers in North American market; deal is Fedrigoni's third M&A in the past year

Mohawk Fine Papers shuts down its envelope converting plant in Saybrook Township, Ohio, laying off 93 employees; Mohawk is in the final phases of being acquired by Italian papermaker Fedrigoni

Fedrigoni to acquire Mohawk Fine Paper, with deal in 'final stages,' though purchase is leading to 75-80 layoffs at subsidiary Crane Stationary, which Mohawk bought in 2018; Fedrigoni, Mohawk have been in manufacturing, distribution partnership since 2022

Mohawk Fine Papers now the distributor of Fedrigoni's Specialty Fine Papers for North America; Mohawk distribution partners, printers will have full access to Fedrigoni creative portfolio, with exception of Fedrigoni digital papers, distributed by GPA

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