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Neenah Paper Sells Ripon Facility for USD 9 Million

Alpharetta, Georgia, USA 27 October 2010 -- (BUSINESS WIRE) -- Neenah Paper, Inc. (NYSE: NP) today announced that it has sold the land and remaining assets of its fine paper mill in Ripon, California, to Diamond Pet Food Processors of Ripon, LLC for a purchase price of USD 9 million. The company will recognize a pre-tax gain on the sale of approximately USD 3 million in the fourth quarter of 2010.

Neenah Paper is a leading global manufacturer of premium, performance-based papers and specialty products used in a variety of applications, including filtration, printing, and writing, and as backing and component materials for various specialized industrial and consumer applications. Based in Alpharetta, Georgia, the company has paper manufacturing operations in the United States and Germany. Additional information about Neenah Paper can be found at the company's Web site at www.neenah.com.


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