Deerfield Specialty Papers Inc.

Deerfield Specialty Papers in connection with the sale of Glassine Canada to Nordic Paper Holding.


Deerfield Specialty Papers Inc.


$92 million


Mergers and Acquisitions

Date Closed

December 2021



Lead Office



On December 31, 2021, Deerfield Specialty Papers completed the sale of its Canadian subsidiary, Glassine Canada, to Nordic Paper Holding AB for a preliminary purchase price of $92 million.

Nordic Paper Holding AB is a Scandinavian specialty paper producer that supplies kraft and natural greaseproof paper to over 70 countries.

Glassine Canada Inc. is a Canadian company that specializes in manufacturing greaseproof paper for food applications, based in Québec.

Osler, Hoskin & Harcourt LLP provided counsel to Deerfield Specialty Papers Inc. on behalf of the sellers with a team consisting of Niko Veilleux, Calvin Leung and Jordana Corber-Tovel (Corporate), Mark Brender, Alain Fournier, Jean-Philippe Dionne (Tax), Caroline Stephens (Real Estate), and Patrick Welsh (Environmental).