Miamisburg and Macedonia, Ohio, USA, 07 June 2011 -- /PRNewswire/ -- NewPage Wisconsin System Inc., an indirect, wholly-owned subsidiary of NewPage Corporation, and AIM Demolition USA LLC have entered into an asset purchase agreement for AIM Demolition USA's purchase of the NewPage Kimberly, Wisconsin, facility from NewPage Wisconsin System. The transaction is expected to close this month. AIM Demolition USA LLC is currently exploring various avenues regarding the potential future of the site.
Sanabe & Associates, LLC, acted as financial advisor to NewPage in the transaction.
Headquartered in Miamisburg, Ohio, NewPage Corporation is the largest coated paper manufacturer in North America, based on production capacity, with USD 3.6 billion in net sales for the year ended 31 December 2010. The company's product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint, and specialty papers used for corporate collateral, commercial printing, magazines, catalogs, books, coupons, inserts, newspapers, packaging applications, and direct mail advertising.
NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, and Wisconsin in the United States, and in Nova Scotia, Canada. As of 31 March 2011, these mills have a total annual production capacity of approximately 4.1 million tons of paper, including approximately 2.9 million tons of coated paper, approximately 1.0 million tons of uncoated paper, and approximately 200,000 tons of specialty paper. To learn more, visit www.NewPageCorp.com.
AIM Demolition USA is an affiliate of American Iron & Metal Company (AIM), one of the largest metal recycling companies in North America. Headquartered in Montreal, Quebec, Canada, it has metal recycling operations in several Canadian provinces and in Ohio and Georgia. It also specializes in manufacturing of various products for the industrial soldering market through its facilities in Quebec and Rhode Island, and in Mexico, Hong Kong, and China.