Verso Completes Acquisition of NewPage
Combined Verso better positioned to deliver long-term value for stakeholders in increasingly competitive industry.
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Divestiture of Biron and Rumford Mills
In a related transaction, immediately prior to Verso's acquisition of NewPage, NewPage completed the divestiture of its paper mill in Biron, Wis., and its pulp and paper mill in Rumford, Maine, to Catalyst Paper Operations Inc., a subsidiary of Catalyst Paper Corporation. The divestiture, originally announced on Oct. 30, 2014, was undertaken pursuant to a settlement with the United States Department of Justice that enabled the NewPage acquisition to proceed.
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