International Paper Completes Sale of Decorative Products Division
Press release from the issuing company
STAMFORD, Conn., July 1- International Paper announced today it has completed the sale of its Decorative Products Division to an affiliate of Kohlberg & Company. Terms of the sale were not disclosed.
As a result of the sale, International Paper's former Decorative Products facilities will operate as a new company, Nevamar Company LLC, and will continue to be headquartered in Hanover, Md. The sale of the business includes ten manufacturing sites located at Odenton, Md.; Hampton, S.C.; Chino, Calif., Tarboro and Statesville, N.C.; Franklin, Stuart and Waverly, Va.; Glasgow, Ky.; and Oshkosh, Wis., as well as nine distribution sites. The facilities manufacture high and low pressure laminates, particleboard, man-made veneer, and foam based graphics and insulation products.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.