MeadWestvaco completed its sale of the paper business and associated assets for $2.3billion
to NewPage Corporation. NewPage Corp. is controlled by Cerberus Capital Management - a New York
based fund. NewPage will consist of printing paper mills, including Chillicothe, Ohio; Escanaba, Michigan;
Luke, Maryland; Rumford, Maine and Wickliffe, Kentucky.
Wednesday, May 11, 2005
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