Verso Paper is in talks with the debt holders of NewPage to acquire the company. NewPage management have stated that they do not support the deal. Both companies have been struggling with falling demand and rising costs. Verso hope the deal would enable them to combine forces and reduce costs as both companies own mills located on the East Coast and in the Midwest of the United States.
News
Collected news links from external sources related to topics concerning the Book Chain Project.
Verso Paper makes bid for NewPage
Post Crescent, 3 Jul 2012
Majority of workers vote to accept contract deal with pulp and paper company
Canadian Business, 17 Apr 2012
Pacific West Commercial Corp are looking to reopen a NewPage paper mill which closed in September last year as it struggled with soaring electricity and shipping costs, a strong Canadian dollar and declining demand. Workers have voted through their union to accept a deal to work on a contract basis.