If the private equity firms win the election next month, it will likely pave the way for a merger of Verso and Twin Rivers and derail the $400 million sale of Verso mills in Jay and Stevens Point, Wisconsin, to specialty paper company Pixelle Specialty Solutions, the board warned.
The mill is planning to reopen sometime in January, Rob Baron, a president and the chief executive officer of Marcal Paper said in a statement on Monday. He did not provide a specific opening date, but said a merger with Pennsylvania-based Nittany Paper made the reopening possible.
