Printer Friendly

MeadWestvaco Corp.

MeadWestvaco Corp., Stamford, Connecticut, USA, has agreed to sell its Stevenson, Alabama, corrugating medium mill and related assets, including seven container plants and 82,000 acres of timberlands, to Smurfit-Stone Container Corp., Chicago, Illinois for approximately US$ 375 million. The sale is contingent upon regulatory approval. In other MWV news:

In other MWV news:

The company plans to close its consumer and office products group envelope plant located in Worcester, Massachusetts. MWV expects to close the facility by late September and transfer product manufacturing to other MWV facilities.

MWV has formed a limited liability corporation that will combine the business assets of its Corrosion Technology Group with those of Bioclimatic, Inc., Delran, New Jersey, USA. The new business, called MeadWestvaco Air Systems, will serve both industrial and commercial markets and operate as part of MWV's Specialty Chemicals Division.
COPYRIGHT 2002 Paper Industry Management Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Industry News
Publication:Solutions - for People, Processes and Paper
Geographic Code:1USA
Date:Sep 1, 2002
Previous Article:It's the end of the world ... as we know it.
Next Article:Stora Enso (SE).

Related Articles
ForestExpress touts transaction volume. (Scrap Industry News).
Smurfit Stone Container Corp.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters