Nip Impressions logo
Thu, Feb 27, 2020 05:33
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Domtar Agrees to Purchase Appvion Point of Sale Business
FORT MILL, S.C. (News release) -- Domtar Corporation entered into an asset purchase agreement with Appvion Operations, Inc. to acquire Appvion's Point of Sale (POS) paper business. The agreement includes the coater and related equipment located only at the West Carrollton, Ohio, facility as well as a license for all corresponding intellectual property. The transaction is expected to close in the second quarter of 2020.

"The combination of Domtar's world-class paper-making capabilities with the West Carrollton coater's significant scale will make a globally competitive point of sale paper business and provide new options for our future growth," Domtar President & Chief Executive Officer John Williams said.

"Appvion and Domtar have enjoyed a strong mutually beneficial relationship over the last several years as part of our long term supply agreement," Graeme Hodson, president of Appvion's Paper division said. "The West Carrollton asset sale builds on that relationship and provides an opportunity for our POS business employees to become a part of a large integrated pulp and paper producer with the capability to leverage the coating asset to its maximum potential. Appvion will work closely with Domtar to enable a smooth transition of the business and ensure our POS customers continue to receive the exemplary customer service and high quality products they have come to expect."

Appvion will continue its focus and development efforts on its broad range of products servicing its customers in the Tag, Label & Entertainment markets, the Carbonless & Specialty paper markets, as well as the newly formed Packaging & Specialty Coating Division.

Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: