International Paper Sells Its Lancey Paper Mill; Will Close Two Container Plants.PURCHASE, N.Y.--(BUSINESS WIRE)--Oct. 2, 1997--International Paper said today that its Aussedat Rey group has sold its subsidiary, Papeteries de Lancey De Lancey (də lăn`sē), family of political leaders, soldiers, and merchants prominent in colonial New York. Étienne De Lancey or Stephen De Lancey, 1663–1741, b. , to Lancey Investissements, a management group headed by Jean-Luc Jean-Luc may refer to: In politics:
emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. magazine industry. The company also announced that it will consolidate the operations of four container plants in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . As a result, two of the facilities, in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. and Stockton, Calif., will be closed and are anticipated to cease production by Oct. 15. The company will continue to serve customers from its Modesto and Carson, Calif., container plants. Today's announcements are part of International Paper's ongoing business improvement program, first announced in July of this year. The program is designed to increase the company's overall performance by concentrating its resources on those businesses that can sustain profitable growth in a timely fashion, attain market leadership and achieve return-on-investment targets. Separately, the company said it had closed on the previously announced sale of its multiwall kraft packaging business to Southern Bag Corp. of Madison, Miss., and that it would decide by year-end on the future of its label business headquartered in Bowling Green Bowling Green. 1 City (1990 pop. 40,641), seat of Warren co., S Ky., on the Barren River; inc. 1812. It is a shipping and marketing center for an area producing tobacco, corn, livestock, and dairy items. , Ky. International Paper is a worldwide producer of printing papers, packaging and forest products. The company also operates specialty businesses and a broadly based paper distribution network. Headquartered in Purchase, N.Y., the company operates in 31 countries, employs more than 80,000 people worldwide and exports its products to more than 130 nations. CONTACT: International Paper Media Contacts: Phillip Giaramita, 914/397-1665 Molly molly see mare hinny. Sullivan, 914/397-1652 or Analyst Contacts: Carol Tutundgy, 914/397-1632 Maryanne Rupy, 914/397-1626 Brian Turcotte, 914/397-1623 |
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