Paper Companies Announce Merger

Filed under: U.P. News Updates |
News Update

News Update

Marquette, MI – (Great Lakes Radio News) – Two companies that operate paper mills in the Upper Peninsula have struck a deal.

Verso Paper announced yesterday that it plans to buy NewPage Holdings Inc. for $1.4 billion.

The Memphis, Tennessee-based coated papers maker expects the acquisition of the printing and specialty paper maker to conclude in the second half of this year.

Verso currently operates a mill in Quinnesec, while NewPage has a paper mill in Escanaba.

The combined company will have sales of approximately $4.5 billion and 11 manufacturing facilities located in six states.

Share Sunny 101.9 WKQS Content with World!
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • BarraPunto
  • Bitacoras.com
  • Fark
  • LinkedIn
  • Live
  • Mixx
  • MySpace
  • PDF
  • Reddit
  • RSS
  • Slashdot
  • Tumblr

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>