KPPC Kapstone Paper And Packaging (MM)

NORTHBROOK, Ill., March 31 /PRNewswire-FirstCall/ -- KapStone Paper and Packaging Corporation (NASDAQ:KPPC) today announced the sale of the assets of its Ride Rite(R) business to Illinois Tool Works Inc. Ride Rite(R) is an inflatable dunnage bag manufacturer in Fordyce, AR. Terms of the transaction were not disclosed. About the Company Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of unbleached kraft paper products and linerboard. The Company is the parent company of KapStone Kraft Paper Corporation which includes paper mills in Roanoke Rapids, NC and North Charleston, SC, including a cogeneration facility, a lumber mill in Summerville, SC, and five chip mills in South Carolina. The business employs approximately 1,550 people. DATASOURCE: KapStone Paper and Packaging Corporation CONTACT: Andrea K. Tarbox, Vice President and Chief Financial Officer of KapStone Paper and Packaging Corporation, +1-847-239-8812 Web Site: http://www.kapstonepaper.com/

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