NewPage and Niagara Development Complete Sale of Mill Property and Assets
NewPage Wisconsin System Inc., a wholly-owned subsidiary of NewPage Corporation, and Niagara Development LLC jointly announced Niagara Development LLC's acquisition of the NewPage Niagara, Wis. mill property and assets.
The NewPage Niagara facility permanently closed in July 2008 due to a significant decrease in demand for coated paper. The paper machines at the Niagara mill produced approximately 250,000 tons of lightweight coated groundwood papers used in magazines and catalogs. In March 2009, NewPage sold the NewPage hydroelectric facility in Niagara to Northbrook Wisconsin, LLC.