Weyerhaeuser NR Company agreed to acquire 50% stake in North Pacific Paper Corporation from Nippon Paper Industries Co., Ltd. (TSE:3863) for $40 million on October 5, 2016. North Pacific Paper reported total assets of $189 million, net assets of $158 million, sales of $462 million and operating loss of $47 million and ordinary loss of $47 million in fiscal year ended in December 2015. The share transfer of the deal is expected on October 28, 2016. Moelis & Company acted as financial advisor to Nippon paper Industries Co. Ltd.