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Weyerhaeuser to sell diaper business.

In a move to concentrate its resources on its core forest products business, Weyerhaeuser, Tacoma, WA, has announced plans to sell its diaper business to the public. According to The Wall Street Journal (July 8, 1992), the company has filed with the Security and Exchange Commission for a proposed initial public offering of its infant diaper division, which will operate in the interim under the name Paragon Trade Brands. Current management will remain in place.

Approximately 10 million common shares are included in the proposed offering. An offering price has not been announced.
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Title Annotation:Paragon Trade Brands Inc. securities subject to public offering
Publication:Nonwovens Industry
Article Type:Brief Article
Date:Aug 1, 1992
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