Printer Friendly

JAMES RIVER COMPLETES SALE OF MINERVA, OHIO, FLEXIBLE PACKAGING OPERATION

 RICHMOND, Va., Nov. 12 /PRNewswire/ -- James River Corporation (NYSE: JR) reported today that its Food and Consumer Packaging Business finalized a previously announced transaction to sell the company's Minerva, Ohio-based flexible packaging operation and related assets to the Ludlow Corporation of Exeter, New Hampshire. Terms of the sale were not disclosed.
 The sale of the Minerva converting operation is part of James River's overall cost reduction and consolidation program announced in January 1993. Employing 17 people, the facility manufactures Bon Cap(TM) trademark materials for the meat packaging industry. Ludlow Corporation will continue to serve existing Bon Cap(TM) customers without interruption from its Homer, Louisiana pla ?
 James River Corporation, headquartered in Richmond, Va., is a marketer and manufacturer of consumer products, food and consumer packaging, and communications papers. These product lines include brands such as Quilted Northern(R) bathroom tissue, Brawny(R) paper towels, Dixie(R) cups and plates, Eureka!(TM) recycled copy paper, Quilt-Rap(TM) sandwich wrap, and Qwik Crisp(R) microwave packaging. For the year which ended on December 27, 1992, the company had sales of $4.7 billion.
 -0- 11/12/93
 /CONTACT: Celeste Gunter, 804-649-4307 (Richmond), or Joe Moran, 513-576-7126 (Cincinnati), both of James River Corporation/
 (JR)


CO: James River Corporation ST: Virginia, Wisconsin, Ohio IN: PAP SU: TNM

MH -- DC024 -- 3783 11/12/93 15:01 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 12, 1993
Words:223
Previous Article:NORD PACIFIC LIMITED ANNOUNCES THIRD QUARTER RESULTS
Next Article:UNISYS IS NAMED A PRIME CONTRACTOR FOR THE DEFENSE TECHNICAL INTEGRATION SERVICES PROGRAM
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters