Search results
Results from the WOW.Com Content Network
GEORGETOWN, S.C. (WCBD) – International Paper has announced the permanent closing of its Georgetown Pulp and Paper Mill, expected to impact 600-700 workers. Officials say the mill will shut down ...
In 2006, International Paper sold the plant to Verso Holdings, LLC, and 1,000 people worked in the mill at that time. In 2015, Verso laid off 300 workers. A year later, it filed for bankruptcy. In 2017, it laid off an additional 300 people and idled a machine. In April 2020, a wood pulp digester exploded, destroying the mill's pulp machines. [3]
In 2012, International Paper acquired Temple-Inland in a deal valued at $4.5 billion. Temple-Inland then became a wholly owned subsidiary of International Paper. At the time of sale, Temple-Inland's corrugated packaging operation consisted of 7 mills and 59 converting facilities as well as the building products operation. [21]
The company was formed in August 2006 when Apollo Global Management purchased the coated and supercalendered paper business from International Paper. [2] [3] In April 2008, Verso conducted an initial public offering and was listed on the New York Stock Exchange. [4] In January 2015, Verso completed its acquisition of NewPage Holdings. [5]
While Fools should generally take the opinion of Wall Street with a grain of salt, it's not a bad idea to take a look at particularly stock-shaking analyst upgrades and downgrades -- just in case ...
When Pactiv Evergreen shut down the Canton paper mill in May, laying off 1,100 workers, the Illinois-based food container maker pointed to high costs to upgrade the century-old plant as well as ...
International Paper announced in September 2013 that it would shut down operations at its Courtland Mill facility in Courtland, Alabama, which had been one of the area's largest employers since 1970. [19] The abrupt announcement created economic and environmental concerns in Lawrence County, Alabama. Residents, current employees, and local ...
For premium support please call: 800-290-4726 more ways to reach us