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Verso Corporation, now Billerud Americas Corporation, was a North American producer of coated papers including coated groundwood, coated freesheet, and specialty products. The company restructured in 2016 following Chapter 11 bankruptcy. Verso Corporation operated two paper mills in the U.S. In 2021, the company had approximately 1,700 ...
Aug. 11—LUKE — The town of Luke has been notified that a company will clear up to 55 acres at the former site of Verso Corp.'s Luke paper mill. Verso closed the plant in 2019, resulting in a ...
Verso's (VRS) merger deal with BillerudKorsnas receives the necessary approvals and is set to close. It will create one of the largest providers of virgin fiber paper and packaging.
The company was formed in November 2012 through the merger of Billerud AB and Korsnäs AB. [4]In the 2012 merger, Billerud was the formal buyer. Korsnäs' owner, Investment Kinnevik AB, received a sum of SEK 3.2 billion as well as 25.1% of the votes in the new company and consequently became the largest owner in the merged BillerudKorsnäs. [5]
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NewPage was a leading producer of printing and specialty papers in North America with $3.1 billion in net sales for the year ended December 31, 2012. NewPage was headquartered in Miamisburg, Ohio, and owned paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin.
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Investors are always looking for growth in small-cap stocks like Verso Corporation (NYSE:VRS), with a market cap of US$549.56M. However, an important fact which most ignore is: how financially ...