With this acquisition, Fox River Paper Co., a wholly-owned subsidiary ofprivately-held Fox Valley Corp. of Appleton, WI, will produce and sell all of the Gilbert Paper Co. products as part of a separate branding strategy. As a result of this sale, Mead will have a 20% interest in the combined company.
The acquisition is expected to be completed by Nov. 30. The sale and relatedmill closure will result in Mead taking a pretax charge of about $24 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
