Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Verso agrees to sell two Luke machines
MIAMISBURG, Ohio -- Verso says it has entered into an equipment purchase agreement with Halkali Kagit Karton Sanayi ve Tic. A.S., a company organized under the laws of Turkey, whereby Verso agreed to sell, and the purchaser agreed to purchase, certain equipment at Verso's Luke Mill, primarily including two paper machines.

The purchase price is $11 million in cash, with $2 million due upon execution of the agreement and the remaining $9 million due at various milestones.

The closing of the equipment purchase, including the transfer of title and ownership of the equipment to the purchaser, will occur upon completion to Verso's satisfaction of the disassembly and removal of the equipment and the receipt by Verso of all payments due from the purchaser.

The highest value mill directory in the US at the lowest price $34.20. Click for Instructional Video.


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: