ARJO WIGGINS APPLETON PLC REACHES AGREEMENT WITH INTERNATIONAL PAPER FOR THE PURCHASE OF MUEHLEBACH GROUP.PURCHASE, N.Y.--(BUSINESS WIRE)--May 23, 1995--Arjo Wiggins Wiggins may refer to:
The principal activity of the Muehlebach Group is paper merchanting in Switzerland, where it has a leading market position. The net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of the Muehlebach group were valued at approximately $98 million (SFr. 128.2 million) at the end of 1994, and operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for the year were approximately $10.5 million (SFr. 13.7 million). A further announcement will be made by Arjo Wiggins Appleton in due course. Cob Stenham Anthony William Paul Stenham (1932-01-28 – 2006-10-12) (named "Cob" after Richard Cobden) was a director of Unilever for sixteen years, the chairman of Ajro Wiggins Appleton from 1991 and on the board and latterly chairman of Telewest, for twelve years from 1994 to 2006. , the Chairman of Arjo Wiggins Appleton said, "If we are successful in acquiring the Muehlebach Group, it will significantly enhance our merchanting position in Europe and continues our stated strategy of building our European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. distribution activities." "This arrangement increases our flexibility with regard to the acquisition of Holvis--which remains our top priority," said Milan Turk, International Paper's senior vice president, specialty products. International Paper, headquartered in Purchase, N.Y., is a worldwide producer of printing papers, packaging and forest products. The company also operates specialty businesses and a broadly-based paper distribution network. International Paper has manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in 28 countries and exports its products to more than 130 nations. For further information from Arjo Wiggins Appleton call: Alain Soulas, Chief Executive Arjo Wiggins Appleton PLC +01256-723000 or Angus Angus (ăng`gəs), council area (1993 est. pop. 111,020), 842 sq mi (2,181 sq km), and former county, NE Scotland. Under the Local Government Act of 1973, the county of Angus became part of the Tayside region in 1975. Maitland The Maitland Consultancy +0171-839-1171 CONTACT: International Paper Media Contacts Analyst Contacts Carl Gagliardi Carol Tutundgy (914) 397-1666 (914) 397-1632 Michelle Sawatka Maryanne Rupy (914) 397-1652 (914) 397-1626 |
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