NewPage


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 had facilities in Wisconsin, Minnesota, Michigan, Kentucky, Maryland and Maine. Its closed and former facilities are Niagara Mill, located in Niagara, Wisconsin, Kimberly Mill, located in Kimberly, Wisconsin, Chillicothe Mill, located in Chillicothe, Ohio sold in 2006 to Glatfelter; still operational, Port Hawkesbury Mill, located in Point Tupper, Nova Scotia and Whiting Mill, located in Whiting, Wisconsin. In early 2015, the company was acquired by the Verso Corporation for $1.4 billion.

History

Two of the mills can trace their roots to the West Virginia Paper Company that was established in 1888 by William Luke on 50 acres of land along the Potomac River in an area known as "West Piedmont". The mill in Luke remains a major economic factor in the area and its impact straddles the river into Beryl and Piedmont in West Virginia.
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. NewPage originally constituted 5 pulp and paper manufacturing 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 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. 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.