Business
Neenah Paper to Meet with Buchanan Regarding Status of Terrace Bay Transfer
Neenah Paper to Meet with Buchanan Regarding Status of Terrace Bay Transfer.
About this update from Northpalm Capital Corp.
[{"type":"text","content":"\n\n\n\n\nALPHARETTA, Ga., June 2 /CNW/ -- (NYSE: NP) - Neenah\nPaper, Inc. announced today that the company will be meeting next week with\nBuchanan Forest Products, Ltd. to discuss the status of a possible transfer of\nNeenah Paper's Terrace Bay pulp mill and woodlands operations to Buchanan. In\nearly May, Neenah Paper announced it had tentatively agreed to transfer these\noperations to Buchanan subject to several conditions, including completion by\nJune 1 of labor negotiations between Buchanan and mill and woodlands\nemployees. Mill employees were able to negotiate a revised agreement in\naccordance with this deadline, however, woodlands employees have not. Neenah\nPaper had previously announced plans to permanently close the mill and\nwoodlands if a transfer to Buchanan could not be successfully completed.\n\nAbout Neenah Paper, Inc.\nNeenah Paper manufactures and distributes a wide range of premium and\nspecialty paper grades with well-known brands such as CLASSIC(R),\nENVIRONMENT(R), KIMDURA(R) and MUNISING LP(R). The company also produces and\nsells bleached pulp, primarily for use in the manufacture of tissue and\nwriting papers. Neenah Paper is based in Alpharetta, Georgia, and has\nmanufacturing operations in Wisconsin, Michigan and in the Canadian provinces\nof Ontario and Nova Scotia. Additional information about Neenah Paper can be\nfound at the company's web site at www.neenah.com.\n\n\n\n","length":1481,"tagName":"div"}]