Wednesday, October 18, 2006

Paper Mill Purchased by Employees

The Blue Heron Paper mill employees recently purchased 100% of the stock from KPS Special Situations Funds - an investment firm that has made an equity stake in several paper mills. The mill produces 335,000 tpy of newsprint.
The only mill KPS still owns is the Blue Ridge Mill in North Carolina. This mill produces uncoated envelope and business papers as well as board. Total capacity is 578,000 tpy.

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