BillerudKorsnäs.
After nearly two years of local and state leaders working on ways to help get the mill restarted, BillerudKorsnäs merged with Verso and acquired its mills, including the Wisconsin Rapids facility.
Who purchased Verso?
BillerudKorsnäs
31 March 2022 Solna — BillerudKorsnäs announces the completion of its acquisition of Verso for a purchase price of approximately USD 825 million in cash.
What happened to Verso Corp?
On June 9, 2020, Verso announced a plan to idle its US paper mills in Wisconsin Rapids, Wisconsin and Duluth, Minnesota indefinitely by late July 2020. The closure was due to the decline in demand for graphic paper and reduced use of print advertising in various industries during the coronavirus pandemic.
Is Verso being sold?
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.
Who bought Escanaba paper mill?
BillerudKorsnäs
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.
How many mills does Verso own?
Our combined company operates ten production facilities in Sweden, U.S., and Finland with around 5,800 employees in over 13 countries and serving customers in over 100 countries. Learn more about BillerudKorsnäs.
How many paper mills are in Wisconsin?
Paper was an $18.16 billion Wisconsin industry employing 30,262 workers at 34 mills, plus another 204 facilities that convert that paper into other products, according to a 2019 state study. Factoring in other parts of the supply chain, including loggers and truckers, it grows to $28.88 billion and 95,853 workers.
Who is buying Verso Paper?
BillerudKorsnäs AB
Verso Corporation to be Acquired by BillerudKorsnäs AB for $27 Per Share in Cash, or Approximately $825 Million – Dec 19, 2021.
What does Verso Corporation do?
VERSO CORPORATION is a leading American owned and operated producer of graphic, specialty and packaging paper and market pulp, with a long-standing reputation for quality and reliability.
Who bought Midwest paper?
Industrial Opportunity Partners
Industrial Opportunity Partners, a private equity firm based in Evanston, Ill., had bought Midwest Paper Group in January 2020. The mill has been operating since 1889. Midwest Paper Group can annually produce 400,000 tons of paper on its three machines and employs around 320 workers, according to its website.
What is the largest paper mill in the US?
Monadnock Paper Mill (MPM) is nestled along the Contoocook River in the 1,400-person-town of Bennington, NH and has been in continuous operation since 1819 — the longest of any paper mill in the United States.
Where is the largest paper mill in the world?
1. International Paper Company. International Paper Company is the world’s largest paper manufacturing company based in Memphis, Tennessee in the United States of America.
Why are paper mills closing in Wisconsin?
Paper mills that buy pulp wood have closed creating an oversupply in timber markets that has sent prices plummeting. The logging bust in northern Wisconsin has forced some loggers to pick up side jobs in construction or related fields. Some have left the industry. “There’s no profit anymore.
What means Verso?
Definition of verso
1 : the side of a leaf (as of a manuscript) that is to be read second. 2 : a left-hand page — compare recto.
Is Verso a Scrabble word?
VERSO is a valid scrabble word.
What does Verso mean in art?
back
The back or underside of a single sheet of paper, or the left-hand page of an open book is known as the verso. The works illustrated here each have paintings on both the recto and verso.
Who owns Bio Pappel?
BIO PAPPEL, S.A.B. D
| Name | Title |
|---|---|
| Miguel Rincón Arredondo | Chairman & Chief Executive Officer |
| Mayela Rincón de Velasco | CFO, Director & Head-Administration |
| Ángel del Palacio Elizondo | Independent Director |
| Buenaventura González Saravia | Independent Director |
Who owns McKinley paper?
Bio Pappel
McKinley Company is part of Bio Pappel the largest manufacturer of paper and paper products in Mexico and Latin America.
What is the oldest paper mill in the US?
Monadnock Paper Mills
Monadnock Paper Mills has been in continuous operation since 1819 and is considered the oldest continuously-operated paper mill in the United States. “The mill was founded following the War of 1812 when an embargo was put on English goods, including paper.
What US state produces the most paper?
Wisconsin led the nation in paper manufacturing in 2011, with nearly $4 billion in output, which was 1.5% of the state’s total GDP and the third-greatest portion of total output.
Which state produces the most paper?
The correct answer is West Bengal.