Alliance Forest Products Inc. Concludes Negotiations With Kimberly-Clark.MONTREAL--(BUSINESS WIRE)--Feb. 14, 1997--ALLIANCE FOREST PRODUCTS (ME;TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ALP (language) ALP - A list processing extension of Mercury Autocode. ["ALP, An Autocode List-Processing Language", D.C. Cooper et al, Computer J 5:28-31, 1962]. ) -- Alliance Forest Products Inc. and Kimberly-Clark Corporation have signed today an asset purchase agreement for the acquisition by Alliance Forest Products Inc. of Kimberly-Clark's Coosa Pines facilities, located near Birmingham, Alabama Birmingham (pronounced [ˈbɝmɪŋˌhæm]) is the largest city in the U.S. state of Alabama and is the county seat of Jefferson County. , for approximately US$600 million, as announced on December 16, 1996. The acquisition will be funded through a combination of debt and equity. The transaction, which is subject to completion of financing by Alliance Forest Products Inc. and other customary conditions, is expected to close toward the end of the first quarter of 1997. The companies also agreed to a five-year supply contract under which Kimberly-Clark will purchase a significant portion of the pulp produced at the Coosa Pines facilities. The Coosa Pines facilities include a fully integrated paper mill which produces 308,000 tonnes of newsprint and 85,200 tonnes of groundwood printing paper a year. Its newsprint contains 40 percent recycled fibre which is produced at the mill's deinking facility. In addition to fulfilling its internal pulp requirements, the Coosa Pines facilities produce and market 222,000 tonnes of fluff pulp and 50,000 tonnes of Southern Bleached Hardwood Kraft pulp (SBHK). The facilities also include 146,000 hectares of timberland and a sawmill sawmill, installation or facility in which cut logs are sawed into standard-sized boards and timbers. The saws used in such an installation are generally of three types: the circular saw, which consists of a disk with teeth around its edge; the band saw, which with a production capacity of 51 million fbm. A Fortune 100 Company, Kimberly-Clark is a leading global manufacturer of personal care, consumer tissue, and away-from-home products. The company's worldwide brands include Huggies, Pull- Ups, Kotex, Depend, Kleenex, Scott, Scottex, Andrex, Popee, Kimwipes, and Wypall. Kimberly-Clark also is a major producer of professional health care products and premium business, correspondence and technical papers. The company 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 36 countries and sells its products in more than 150 countries. Alliance Forest Products Inc. is an integrated company specializing in timber harvesting and forest management, as well as in the production and sale of newsprint, uncoated groundwood papers, lumber and related products. The common shares of Alliance Forest Products Inc. are listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg and The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol ALP. CONTACT: Alliance Forest Products Inc. Dino Fuoco, 514/ 954-2118 http://www.Alliance-Forest.com |
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