Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Pactiv Evergreen announces deal to sell former Canton mill site
CANTON, N.C. (From news reports) -- Pactiv Evergreen announced Wednesday, May 15, it has made a deal and started the process to sell the former Canton paper mill site.
A spokesperson for Pactiv Evergreen said Wednesday afternoon that the company has signed a letter of intent (LOI) to sell the site to Spirtas Worldwide, marking the first step in the sale.

The spokesperson said over the next few months, Spirtas will conduct additional due diligence as it decides on and maps out its long-term redevelopment plans.

Spirtas Worldwide is a demolition, environmental remediation and asset purchase company based in St. Louis, Missouri.

Below is a statement released Wednesday by Pactiv Evergreen:

"Our exclusive letter of intent with Spirtas Worldwide is an important milestone in positioning our former Canton mill site for the future. Over the last year, we undertook a thorough process, working actively with the town of Canton and a number of potential interested parties. With Spirtas' financial resources and significant industrial redevelopment experience, we are confident they are the right partner to invest in Canton for the future. We look forward to working closely with Spirtas in the coming months, as well as the town of Canton and other government officials, to negotiate a sale and ensure a smooth transition."

Are your products listed in the Paperitalo Supplier Directory? If not, click here.


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: