Verso Paper Corp, NewPage Holdings merge
MEMPHIS, Tenn - Verso Paper Corp. will be merging with NewPage Holdings Inc.
The leading North American producer of coated papers, and leading producer of printing and specialty papers respectively entered into an agreement where Verso will acquire the valued $1.4 billion NewPage.
Dave Paterson, the CEO of Verso, will lead the combined organization. Both Verso and NewPage representatives will comprise a team to charge the integration and transition of the two companies.
Verso has headquarters in Memphis, Tennessee and owns paper mills in Maine and Michigan.
NewPage is headquartered in Miamisburg, Ohio and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, and Wisconsin.