Paper Industry Contiunes to Consolidate

The paper industry continues to undergo a quiet restructuring. In the past, the producers were engaged with widely publicized mega mergers and hostile corporate takeovers; today, mills and assets are silently falling into the hands of money managers and banks. Senior managers at the paper headquarters of these companies appear to remain in tact after the acquisition and given authority to make decisions. Private equity investments for 2005 totaled approximately $400billion.