Complex sentence: BILT's acquisition of SFI in 2007 was a watershed event--it was the first overseas acquisition by an Indian paper company, it transformed BILT into a major regional player, and elevated BILT's ranking among the global top 100.
Split into simpler sentences: BILT's acquisition of SFI in 2007 was a watershed event--it was the first overseas acquisition by an Indian paper company. This acquisition transformed BILT into a major regional player, and elevated the company's ranking among the global top 100.