NewPage sells Kimberly plant
Jun 07, 2011. NewPage Wisconsin System Inc., an indirect, wholly-owned subsidiary of NewPage Corporation, and AIM Demolition USA LLC jointly announced that they have entered into an Asset Purchase Agreement for AIM Demolition USA LLC's purchase of the NewPage Kimberly, Wisconsin facility from NewPage Wisconsin System Inc. The transaction is expected to close this month.
Jun 07, 2011. /Lesprom Network/. NewPage Wisconsin System Inc., an indirect, wholly-owned subsidiary of NewPage Corporation, and AIM Demolition USA LLC jointly announced that they have entered into an Asset Purchase Agreement for AIM Demolition USA LLC's purchase of the NewPage Kimberly, Wisconsin facility from NewPage Wisconsin System Inc. The transaction is expected to close this month. AIM Demolition USA LLC is currently exploring various avenues regarding the potential future of the site.
Sanabe & Associates, LLC, acted as financial advisor to NewPage in the transaction.
NewPage Corporation is the largest coated paper manufacturer in North America. The company's product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint and specialty papers. NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and Nova Scotia, Canada.