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NewPage to purchase Domtar coated groundwood product lines

Friday, March 19, 2010

Press release from the issuing company

Miamisburg , Ohio – NewPage Corporation (NewPage) today announced that it has reached an agreement with Domtar Corporation to purchase Domtar's coated groundwood paper product lines and book of business. The purchase follows Domtar's decision to exit this business and close its Columbus , Mississippi, paper mill.

The purchase will include the coated groundwood paper book of business, the Choctaw  , Saturn  and Jupiter  brands, and the coated groundwood product inventory remaining after the Columbus mill closes. The transaction is expected to be completed in April.

"With Domtar's decision to permanently close its Columbus mill and exit the coated groundwood product sector, we will be working closely with Domtar to ensure that the immediate needs of their customers are met without any disruption of service," stated Tom Curley, president and chief executive officer for NewPage. "Going forward, we look forward to the opportunity to transition these customers to NewPage product and service offerings that meet their future business needs. We recognize that customers have a choice in paper suppliers, and we want to earn their business by ensuring they have a seamless transition to NewPage, should they desire to do so."

 

 

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