Ip Agrees to Sell Its Coated & Sc Papers Business

Summary


The coated and supercalendered papers business includes four paper mills, located in Jay, Maine; Bucksport, Maine; Quinnesec, Mich.; and Sartell, Minn., and generated $1.6 billion in sales in 2005. The transaction is expected to close in mid-summer, subject to various closing conditions including the receipt of financing, and regulatory approvals.

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Ip Agrees to Sell Its Coated & Sc Papers Business

Last month, International Paper signed an agreement to sell its coated a...

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