Japan Pulp and Paper is set to acquire Oceanian peers for an estimated JPY7bn ( $ 63.9 m ) , in a deal which could close in July . Japan Pulp and Paper , the country 's largest paper trading company , plans to merge Oceania 's largest paper company , PagePack with Melbourne - based KWDoggett , the region 's third largest , before taking a majority 51 % stake in the merged organisation . The company is also set to acquire the remaining 49 % in the coming year .
Japan Pulp and Paper is set to acquire Oceanian peers for an estimated JPY7bn ($63.9m), in a deal which could close in July. Japan Pulp and Paper, the country's largest paper trading house, plans to integrate Oceania's largest paper merchant, PagePack with Melbourne-based KWDoggett, the region's third largest, before taking a majority 51% stake in the merged organisation. The company is also set to acquire the remaining 49% in the coming years.