The £1.26bn deal, which was announced in September 2007 and is expected to complete by the first quarter of 2008, will give Stora Enso £760m ($1.5bn) in cash, a £101m note and close to a 20% stake in the newly formed holding company, NewPage Group.
NewPage now operates 12 paper mills and 26 paper machines across the US and Canada, producing 4.3m tonnes of coated paper, 920,000 tonnes of uncoated paper, 300,000 tonnes of specialty paper and 3.2m tonnes of pulp, making it the largest producer of coated paper in the US.
Have your say in the Printweek Poll
Related stories
Latest comments
"And here's me thinking they bought the Docklands Light Railway."
"15 x members? Why don't they throw their lot in with the Strategic Mailing Partnership (SMP) and get a louder voice?"
"Some forty plus years ago I was at a "sales" training seminar and got chatting to the trainer after the session had finished.
In that conversation he told me about another seminar he had..."
Up next...
Further breathing space
'Serious group' interested in Highcon, new deadline set
Automation welcomed
Colourbridge enhances efficiency with new Duplo multi-finisher
New business unit includes OpSec
