Thursday, January 03, 2008

NewPage completes buyout of Stora Enso's North American Plants

The rumored M&A was previously reported by Paper.com, in December, the acquisition of StoraEnso’s North America facilities was completed.
Papermaker NewPage Corp. of Miamisburg, OH, completed its purchase December 21 of Stora Enso’s North American paper-manufacturing operations for $2.556 billion.
NewPage now operates 12 paper mills with 26 paper machines located in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and Nova Scotia, Canada. These mills have a total annual production capacity of approximately 5.5 million tons of paper. NewPage is now the largest manufacturer of coated paper in North America, based on capacity.
Paper.com has all the NewPage grades in stock and ready for immediate shipment.

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