Stora Enso, one of the world's largest makers of paper products, is selling its North American paper manufacturing units for about $2.1 billion to an Ohio-based company, New Page, owned by the private equity firm Cerberus Capital.
The operations being sold include eight factories and will be combined with those of Cerberus-owned NewPage Holding, based in Dayton, Ohio, a North American coated paper producer employing more than 4,300 people.
The mills being sold were once part of Consolidated Papers, which was acquired by Stora Enso in a $4.8 billion deal in 2000.
Six of the mills are in Wisconsin, one is in Duluth, Minn., and the eighth is Port Hawkesbury, Nova Scotia, Canada.
Paper.com carries all the New Page paper products and many of the Stora Enso grades in stock and ready for immediate shipment.
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