The Board intends to consider a broad range of alternatives, including continuing to hold and operate the business or a sale or spin-off of the business.
Few know the state's timberland history better than George Mead II of Wisconsin Rapids. Mead's grandfather, George W. Mead, grew Consolidated Paper into the biggest papermaker in North America.
Along with the Pickaway County announcement, Sofidel also disclosed on Thursday that it has acquired plants in Green Bay, Wis., and Hattiesburg, Miss. The latter plant was under construction; Sofidel will invest $120 million to buy and expand the Hattiesburg operation. In addition, the company has opened a U.S. headquarters in Philadelphia.
It was reported this week that two local fire departments and Georgia-Pacific's Fire Brigade responded to a fire at the plywood mill at Georgia-Pacific on Friday, 30 Oct. 2015.
In our own industry, we are known for inertia. We are not known for innovation, in fact, innovation is almost discouraged. We are known for politics. If I took off my socks right now, I don't have enough digits on my hands and feet to count all the bad managers I know in positions of power in our industry. Politics wins...
Fibria Celulose S.A. has already structured all of the funding for the Horizonte 2 Project, which will expand production capacity at its Três Lagoas Mill, located in the state of Mato Grosso do Sul, Brazil.
The Sussex-based commercial printing company, which has followed a consolidation strategy since its 2010 acquisition of World Color Press Inc. that has closed 29 total printing plants, will close its plants in Augusta, Ga., and East Greenville, Pa., by the end of the year.
Registered as Bucksport Generation LLC and majority owned by AIM Development, that business is a separate entity from the former paper mill that AIM purchased from Verso Paper Corp. last January.
In the wake of disappointing financial results, Quad/Graphics Inc. said it will begin closing plants and taking other steps to cut $100 million in costs.
Cascades Inc. announced Tuesday it is investing $26.4 million at its Norampac corrugated board conversion plant in Drummondville, to install a new corrugator, thus increasing its production capacity.
Under a tolling agreement of limited duration, BASF will continue to manufacture and supply PHK products to Imerys to enable a smooth transition for customers.
Nashua's namesake company, Nashua Corp., owned by graphics giant Cenveo, will shutter its Merrimack location by 30 April of next year, resulting in 53 layoffs and marking the end of a manufacturing legacy in New Hampshire that goes back more than a century.
Cascades Inc. announced that it will be making strategic investments amounting to $4.5M in its Plastiques Cascades plant in Kingsey Falls and its Cascades Inopak plant in Drummondville.
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