News On Manufacturers - recap

>Mohawk / International Paper
-Mohawk Paper Mill will purchase the Fine Papers Unit from International Paper.
-Sites include the Hamilton, Ohio paper mill, the Saybrook, Ohio converting facility, and the Westfield, Mass mill.
- Brands include Strathmore®, Brite Hue®, Via®, and Beckett® brands.
-The Fine Papers business produces approximately 65,000 tons per year.
-This will effectively double Mohawk’s capacity.
>SPIN-OFF GOES PUBLIC
-Neenah Paper Inc., completed spin-off from Kimberly-Clark
-Neenah Paper core grades include premium Writing, Text and Cover business.
-Also, Technical Paper, durable, saturated and coated base papers; and, a Canadian pulp business.
>Appleton / CTI
CTI Paper USA announced the acquisition of the Currency and Jazz grade lines and trademarks from Appleton.
>Fraser Papers / SMART Papers
SMART Papers LLC to acquire Fraser Papers’ paper operations in Park Falls, Wisconsin.
-The purchase agreement includes a 470,000 square foot converting, distribution and customer service facility in West Chicago, Ill
>MeadWestvaco Sells Paper Unit
-MeadWestvaco Corp. has agreed to sell its paper business for $2.3billion.
Division sold to Cerberus Capital Management LP,
>International Paper continues to sell assets
International Paper will sell its Industrial Papers Business to Kohlberg & Company, LLC for $180MM.
-The sale includes two paper mills in Wisconsin, the Akrosil converting business and the Thilmany Packaging business.
-The business produces products like release liner for self-adhesive labels, paper for
microwave popcorn bags, refrigerated dough & potato chip canisters and other products.
>FiberMark still in Bankruptcy Status
FiberMark, the manufacture of filter, school/office, and wallpaper grades withdrew its bankruptcy-restructuring plan after failing to gain support of any of the creditors.
>Stora delays rebuild of No. 64 machine in Wisconsin
- Postponed the rebuild of the No. 64 machine in Whiting, WI.,
- Company has begun the rebuild of its No. 26 machine at Biron, WI.