Pixelle Specialty Solutions, one of the largest specialty paper producers in North America in terms of annual production, has signed a definitive purchase agreement to acquire specialty paper mills in Jay, ME and Stevens Point, WI from Verso Corporation. The transaction is anticipated to close in the first quarter of 2020.
The Androscoggin mill has the capacity to produce approximately 425,000 tons of paper per year and currently produces flexible packaging papers, release liner base, specialty labels, kraft papers and linerboard. The Stevens Point mill has the capacity to produce approximately 210,000 tons of paper per year and currently produces coated flexible packaging papers, release liner base, thermal papers, and other specialty labels.