International Paper Finalizes Sale of Carolina® Brand
Friday, May 01, 2015
MEMPHIS, Tenn. - International Paper today announced it has finalized the previously announced sale of the Carolina® coated bristols brand to MeadWestvaco. As part of the sale agreement and to ensure a smooth transition for customers, International Paper will manufacture Carolina branded products for MWV until the end of year. Financial terms of the sale were not disclosed.
International Paper's coated paperboard and printing papers businesses are strategic to the company's global portfolio. The company will continue to manufacture coated paperboard products to support customer demand in the food service and packaging markets. The company's commercial print portfolio, which includes the Hammermill®, Accent® Opaque, Williamsburg Offset and the Springhill® brands, will continue to be a valued part of International Paper's merchant product portfolio.