Deal Snapshot
PIXELLE ACQUIRES VERSO PAPER MILLS
Wednesday 12 February 2020

Pennsylvania, US-based paper company Pixelle Specialty Solutions has completed its acquisition of speciality papers mills in Maine and Wisconsin from Verso Corp (NYSE: VRS) to become a speciality papers producer with more than 1m tons in annual production, the company said.
Pixelle has industry-leading positions in multiple speciality paper grades including release papers, thermal labels, food and beverage labels, food packaging papers, inkjet papers, casting liners, book papers, carbonless and forms, security papers, envelope and converting papers, and various niche products.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 12/02/2020
Target: Speciality papers mills in Maine and Wisconsin
Country: USA
Deal Size: 400m (USD)
Sector: Paper/Packaging/Office Supplies
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Verso Corp
Buyer: Pixelle Specialty Solutions,  
Buyer Advisor: Credit Suisse , Citizens Bank , Cravath, Swaine and Moore
Comment:
Terms of the deal were not disclosed

Options