Appleton Sells its Packaging Center
Appleton Sells its Packaging Center
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Appleton has completed the sale of its performance ackaging operations to a newly formed company named NEX Performance Films Inc., which is owned by Mason Wells, a Milwaukee-based private equity firm.
The purchase price paid in the transaction was approximately $58 million. Appleton intends to use proceeds from the sale to reduce debt and for general corporate purposes.
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