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Is Verso paper mill closing?

Is Verso paper mill closing?

The bill came after a year of discussion with state, local and federal officials about how to save the Verso mill, which closed in June 2020 after more than a hundred years of operation.

Who bought Verso paper?

Atlas Holdings
Atlas Holdings makes offer to buy Verso Corp., which includes its Wisconsin Rapids mill.

How many paper mills does Verso have?

two paper mills
Verso operates two paper mills in the U.S.

Is Verso in Wisconsin Rapids closing?

The mill is owned by Verso Corp., which closed the papermaking facility as well as a pulp processing operation in Wisconsin Rapids in the summer of 2020. The company cited market changes that were exacerbated by the COVID-19 pandemic.

Is Atlas buying Verso?

In July, Atlas Holdings LLC filed a proposal to purchase Verso Corp. for $20 per share in cash. Atlas Holdings is a Greenwich, Connecticut-based private equity firm that owns and operates 23 manufacturing companies, including a concentration in the pulp and paper industry.

What is the zip code for Wisconsin Rapids?

Wisconsin Rapids/Zip codes

What is Wausau zip code?

Wausau/Zip codes

When does Verso Paper Mill in Stevens Point Maine close?

STEVENS POINT – Pixelle Specialty Solutions has signed a definitive purchase agreement to acquire specialty paper mills in Stevens Point and Jay, Maine, from Verso Corp. The transaction is expected to close in the first quarter of 2020, according to a news release from Pixelle.

Where are the Verso Paper Mills in Michigan?

Verso has sites in Wisconsin Rapids; Duluth, Minnesota; Escanaba, Michigan; and Quinnesec, Michigan. Rowzie said once the transaction is complete, employees of the Stevens Point and Jay mills will become employees of Pixelle.

How much is the sale of Stevens Point paper mill?

The sale of the mills in Stevens Point and Jay is expected to be for $400 million, subject to post-closing adjustments, according to a release from Verso. The sale has been unanimously approved by Verso’s Board of Directors, but it won’t be final until it receives approval from Verso’s stockholders at a special meeting.

What kind of paper does Verso Corporation make?

VERSO CORPORATION is a leading North American producer of specialty and graphic papers, packaging and pulp. Our specialty papers are used primarily for label and converting, flexible packaging and technical paper applications. Our graphic papers are designed primarily for commercial printing, media and marketing applications,…

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