Company type | Information |
---|---|
Industry | Papermaking |
Founded | 2005 |
Fate | Acquired by Verso Corporation (2015) [1] |
Headquarters | Miamisburg, Ohio |
Key people | Mark A. Angelson Chairman George F. Martin President & CEO James C. Tyrone EVP, Commercial Operations and Business Development Jay A. Epstein SVP CFO Daniel A. Clark SVP & CAO David L. Santez SVP, General Counsel and Secretary L. Mark Lukacs SVP, Operations |
Products | Paper |
Website | www.newpagecorp.com |
NewPage was a leading producer of printing and specialty papers in North America with $3.1 billion in net sales for the year ended December 31, 2012. NewPage was headquartered in Miamisburg, Ohio, and owned paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.
NewPage's Niagara Mill, located in Niagara, Wisconsin closed in 2008, Kimberly Mill, located in Kimberly, Wisconsin closed in 2009, Chillicothe Mill, located in Chillicothe, Ohio sold in 2006 to Glatfelter and is still operational, Port Hawkesbury Mill, located in Point Tupper, Nova Scotia closed in 2011, re-opened in 2012 by Stern Partners as Port Hawkesbury Paper) and Whiting Mill, located in Whiting, Wisconsin (closed in 2011. In early 2015, the company was acquired by the Verso Corporation for $1.4 billion. [1]
Two of the mills can trace their roots to the West Virginia Paper Company (aka the West Virginia Pulp & Paper Company and later, Westvaco) that was established in 1888 by William Luke on 50 acres (202,000 m2) of land along the Potomac River in an area known as "West Piedmont" (now Luke, Maryland). The mill in Luke remained a major economic factor in the area straddling the river into Beryl and Piedmont in West Virginia, until it was closed in 2019. [2]
In 2005, MeadWestvaco's Printing and Writing Paper business was sold to investment firm Cerberus Capital Management for about $2.3 billion to form NewPage Corporation. [3] NewPage originally constituted five pulp and paper manufacturing plants in Kentucky, Maine, Maryland, Michigan, and Ohio. In April 2006, NewPage sold their carbonless operations located in Ohio for $84 million to global specialty papermaker P. H. Glatfelter Company, based in York, Pennsylvania. In 2007, NewPage Corporation purchased the North American assets of Stora Enso (formerly Consolidated Papers, Inc.) which included mills in Minnesota, Wisconsin and Nova Scotia.
On September 7, 2011, the NewPage Corporation filed for chapter 11 bankruptcy reorganization due to negative cash flow for more than a year. [4] NewPage Corporation announced December 21, 2012, that it has successfully completed its financial restructuring and has officially emerged from Chapter 11 bankruptcy protection pursuant to its Modified Fourth Amended Chapter 11 Plan which was confirmed on December 14, 2012, by the U.S. Bankruptcy Court for the District of Delaware in Wilmington. [5]
Luke is a town in Allegany County, Maryland, United States, located along the Potomac River just upstream of Westernport. Known originally as West Piedmont, the town is part of the Cumberland, MD-WV Metropolitan Statistical Area. The population was 85 as of the 2020 census.
Piedmont is a town in Mineral County, West Virginia, United States. It is part of the Cumberland, MD-WV metropolitan statistical area. The population was 716 at the 2020 census. Piedmont was chartered in 1856 and the town is the subject of Colored People: A Memoir by Piedmont native Henry Louis Gates Jr.
Smurfit-Stone Container Corporation was a global paperboard and paper-based packaging company based in Creve Coeur, Missouri, and Chicago, Illinois, with approximately 21,000 employees. In 2007, Smurfit-Stone was ranked 13 in PricewaterhouseCoopers' "Top 100" forest, paper, and packaging companies in the world as ranked by sales revenue. The company was also among the world's largest paper recyclers.
MeadWestvaco Corporation was an American packaging company based in Richmond, Virginia. It had approximately 23,000 employees. In February 2006, it moved its corporate headquarters to Richmond. In March 2008, the company announced a change to start using "MWV" as its brand, but the legal name of the company remained MeadWestvaco.
The Fox River is a river in eastern Wisconsin in the Great Lakes region of the United States. It is the principal tributary of Green Bay, and via the Bay, the largest tributary of Lake Michigan. The city of Green Bay, one of the first European settlements in the interior of North America, is on the river at its mouth on lower Green Bay.
SuperValu, Inc., was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926. It is a wholly owned subsidiary of United Natural Foods (UNFI).
Beryl was an unincorporated community and coal town located in Mineral County, West Virginia, United States. Homes and properties were slowly purchased over the years by Westvaco paper company. By the late 1900s, all the residents were gone, and the last standing home became an office for the Westvaco woodyard. Currently, only New Page Paper and Kingsford Charcoal occupy the location of the town. West Virginia Route 46 allows for the only mode of transportation to Beryl.
William G. Luke was an American businessman who founded the West Virginia Pulp & Paper Company, the forerunner of Meadwestvaco Corporation, in 1888 at Piedmont, West Virginia and Luke, Maryland, United States.
Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies. The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992, with William L. Richter, who serves as a senior managing director. The firm has affiliate and advisory offices in the United States, Europe and Asia.
Catalyst Paper Corporation is a pulp and paper company based in Richmond, British Columbia. It operates five pulp mills and paper mills, producing a combined 1.8 million tonnes of paper and 491,000 tonnes of market pulp annually. The mills mostly produce magazine paper and newsprint.
Verso Corporation, now Billerud Americas Corporation, was a North American producer of coated papers including coated groundwood, coated freesheet, and specialty products. The company restructured in 2016 following Chapter 11 bankruptcy. Verso Corporation operated two paper mills in the U.S. In 2021, the company had approximately 1,700 employees.
The Georges Creek Railway is a shortline railroad in Western Maryland that performed contract switching, and it owns 14 miles (23 km) of trackage between Westernport and Carlos. The railroad was headquartered at 119 Pratt Street in Luke in the former Luke Post Office. Gerald Altizer and Pat Stakem are the primary partners in the company.
The Greenbrier, Cheat and Elk Railroad (GC&E) was a logging railroad in West Virginia operating in the early 20th century. Its main line ran from Bergoo to Cheat Junction, where it connected with the Western Maryland Railway (WM).
Spruce is a ghost town in Pocahontas County, West Virginia, United States. Spruce is 9.5 miles (15.3 km) southwest of Durbin.
Glatfelter is a global manufacturer of engineered materials. The company's products are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, North Carolina, the company's annualized net sales approximate $1 billion with customers in over 100 countries and approximately 2,560 employees worldwide. Operations include twelve manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom, and the Philippines.
The History of Papermaking in New York had its beginnings in the late 18th century, at a time when linen and cotton rags were the primary source of fibers in the manufacturing process. By 1850 there were more than 106 paper mills in New York, more than in any other state. A landmark in the history of papermaking in the United States was the installation of the first Fourdrinier machine in the country at a mill in Saugerties, New York, in 1827. Papermaking from ground-wood pulp began in New York in 1869, with the establishment of the Hudson River Pulp & Paper Company in Corinth and also with the work of Illustrious Remington and his sons in Watertown. The innovation and success of the Remingtons spurred further development of the industry in the state.
Consolidated Papers, Inc. (CPI) was a paper manufacturer headquartered in Wisconsin Rapids, Wisconsin. It was incorporated as the Consolidated Water Power Company on 16 July 1894. Over time it expanded to include operations in Biron, Stevens Point, Whiting, Appleton and Port Arthur, Ontario. The company was an innovator in the production of coated paper. In 2000, the company was bought by the Finnish company Stora Enso. The former Consolidated paper mills were sold in 2007 to NewPage, which was in turn acquired by Verso in 2015.
Great Northern Paper Company was a Maine-based pulp and paper manufacturer that at its peak in the 1970s and 1980s operated mills in Arkansas, Georgia, Maine, and Wisconsin and produced 16.4% of the newsprint made in the United States. It was also one of the largest landowners in the state of Maine.
Billerud AB is a Swedish pulp and paper manufacturer with headquarters in Solna, Sweden. The company simplified its name from BillerudKorsnäs to Billerud after the acquisition of Verso 2022, an American producer of coated paper. Billerud has nine production facilities in Sweden, Finland and the USA with around 6,100 employees in over 13 countries.