Who is buying Verso Paper?
BillerudKorsnäs AB
19, 2021 /PRNewswire/ — Verso Corporation (NYSE: VRS) (“Verso”) today announced that it has entered into a definitive merger agreement under which BillerudKorsnäs AB (“BillerudKorsnäs”) will acquire all of the outstanding shares of Verso for a purchase price of $27 per share in cash, or approximately $825 million1.
How many paper mills does Verso have?
two paper mills
Verso currently has two paper mills in Michigan and a roll-to-sheet converting facility in Wisconsin as well as distribution centers in Illinois and Pennsylvania, and according to the company, currently has approximately 1,700 employees in the U.S.
Who bought Verso?
BillerudKorsnas AB
The packaging company BillerudKorsnas AB announced Sunday it would acquire Verso Corp. In statements and in a press conference, executives for the company announced a $1 billion, nearly decade-long plan to convert and upgrade the mill in Escanaba, Michigan, into a producer of sustainably made paperboard.
Is Verso being sold?
BillerudKorsnäs announced the acquisition Sunday. It’s buying Verso for 825 million dollars in cash. The plan is to convert Verso’s largest facility, its Escanaba mill, into an integrated paperboard production site. One machine is estimated to be converted by 2025, a second machine by 2029.
How many mills does Verso own?
Verso operates two paper mills in the U.S. Swedish BillerudKorsnäs initiated an acquisition of Verso in 2021 that is expected to be completed in 2022….Verso Corporation.
| Type | Public company |
|---|---|
| Key people | Adam St. John (CEO) |
| Products | pulp, paper and process industries |
| Number of employees | 4,200 |
| Parent | Verso Paper Holdings LLC |
Who bought Wisconsin Rapids paper mill?
BillerudKorsnäs
Verso Paper Mill Acquired by BillerudKorsnäs, Future To Be Determined. WISCONSIN RAPIDS, WI (OnFocus) – The Verso paper mill in Wisconsin Rapids will be under new ownership in 2022 after the company entered into a definitive merger agreement with Swedish Packaging Corporation, BillerudKorsnäs.
Who makes sterling paper?
Verso
FSC-certified and made by Verso, these economical cover and text papers print perfectly with digital and laser applications. Sterling Premium Digital 94-bright is gloss or matte coated on both sides.
Who bought Midwest paper?
McKinley Paper Company
McKinley Paper Company, a U.S. subsidiary of Mexico-based Bio PAPPEL, bought Midwest Paper Group for an undisclosed amount of money according to a news release Thursday.
Who bought the Wisconsin Rapids paper mill?
Where is Sterling made?
Sterling now has a plant in 02 Barrio Tabing Ilog, Marilao, Bulacan and a warehouse and distribution center in Meycauayan, Bulacan, manufacturing notebooks, bags, puzzles, boardgames, wall charts, papercups, paperbowls and its pioneer products….Sterling Paper Group of Companies.
| Type | Private |
|---|---|
| Website | www.sterlingpaper.com |
What is premium digital paper?
FSC-certified and made by Verso, these economical cover and text papers print perfectly with digital and laser applications. Sterling Premium Digital 94-bright is gloss or matte coated on both sides.
Who owns Sterling paper?
Henry Lim Bon Liong
Sterling Paper Group of Companies
| Type | Private |
|---|---|
| Founder | Lim Seh Leng |
| Key people | Henry Lim Bon Liong (Chairman & CEO) |
| Products | School supplies, office supplies, rice |
| Subsidiaries | SL Agritech Corporation |
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