STOCKHOLM (Dow Jones)-- Finnish paper maker UPM-Kymmene Oyj (UPM1V.HE) said Friday its subsidiary UPM Raflatac has signed an agreement to acquire the business operations of Gascogne Laminates Switzerland SA for an undisclosed purchase price.

LONDON (Dow Jones)--Cambium Global Timberland Ltd (TREE.LN), a forestry manager, said Friday that the land sale of 13,810 acres of land in Florida completed on May 31, 2012.

RICHMOND, BC, - Catalyst Paper Corporation advises that under order of the Supreme Court of British Columbia authorizing procedures for a sale and investor solicitation process, the following notice was published today in The Globe & Mail and The Wall Street Journal:

MEMPHIS, Tenn., -- International Paper (NYSE: IP) today announced that it has reached two agreements to sell three U.S containerboard mills in order to satisfy the company's obligations in its February 2012 settlement agreement with the U.S. Department of Justice. Under the terms of the DOJ settlement agreement, entered into in connection with the company's acquisition of Temple-Inland, International Paper agreed to divest the following mills:

Canfor Pulp Products cut to hold from buy by TD.

Domtar Corp raised to Buy from Hold by TD

POULSBO, Wash., -- Pope Resources (NASDAQ: POPE) announced today a quarterly distribution of $0.45 per unit, effective for unitholders of record on June 15, 2012 and payable on June 29, 2012. This represents a $0.10, or 29%, increase from the prior quarterly distribution of $0.35 per unit. "We are pleased to announce this increase in our distribution payout, which recognizes confidence in our cash flow generating capabilities and the continued improvement in all of our markets," said David L. Nunes, President and CEO.

WASHINGTON (Dow Jones)--Spending on construction projects rose modestly in April, as a jump in private-sector residential activity outweighed a drop-off in public construction.

The Biltube Europe Ltd paper mill located in Saint Didier en Velay remains closed due its lack of cash to buy raw materials although the senior management of the Indian company that owns it are now there and are striving to find a solution. The company’s headquarters in India was relocated to France to enable to obtain bank loans. Discussions are on-going with local, provincial and national elected representatives as its attempts to find a way out of the impasse. According to our contacts the Indian owners highlighted the burden of high power input costs and would like to see preferential conditions on this point.

UPM Raflatac, one of the world’s leading suppliers of self-adhesive labelstock, has signed an agreement to acquire the business operations of Gascogne Laminates Switzerland SA. The parties have agreed not to disclose the purchase price. The closing of the acquisition is subject to regulatory approvals.