MWV Announces Completion of the Purchase of the Carolina® Business from International Paper
30 Abril 2015 - 2:00PM
Business Wire
MeadWestvaco Corporation (NYSE: MWV), a global leader in
packaging and packaging solutions, today announced the completion
of the previously announced agreement with International Paper
(NYSE: IP) to acquire the Carolina® coated bristols business. There
were no manufacturing assets included in the purchase. Terms of the
transaction were not disclosed.
MWV and International Paper have agreed to a plan that will
ensure minimal disruption for customers while a full and smooth
transition is completed. That plan includes IP continuing to
manufacture Carolina for MWV until the transition is complete in
the fourth quarter of 2015.
Carolina is a line of coated one-sided and coated two-sided
solid bleached sulfate paperboard that is available in a range of
sizes, calipers and specifications for use in offset and digital
printing end use applications such as direct mail, retail signage,
brochures, lottery tickets, game and greeting cards. As with MWV’s
Tango® business, Carolina has long been associated with providing
high quality print fidelity and image reproduction for these
applications.
About MWV
MeadWestvaco Corporation (NYSE: MWV) is a global packaging
company providing innovative solutions to the world’s most admired
brands in the healthcare, beauty and personal care, food, beverage,
home and garden, tobacco, commercial and specialty printing, and
agricultural industries. The company also produces specialty
chemicals for the automotive, energy, and infrastructure industries
and maximizes the value of its development land holdings. MWV’s
network of 125 facilities and 15,000 employees spans North America,
South America, Europe and Asia. Learn more at mwv.com.
MeadWestvaco CorporationMedia ContactTucker McNeil, +1
804-444-6397mediainquiries@mwv.comorInvestor RelationsJason
Thompson, +1 804-444-2556
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