SAN FRANCISCO, Sept. 11, 2014 (RISI) -International Paper (IP) has decided to restart the idle containerboard machine at its Valliant, OK, mill sometime later next year, CEO John Faraci told a UBS investment conference Thursday.
He said the $90 million price tag for preparing the machine to run again is "very cost effective" for 360,000 tons/yr of additional capacity at a mill "which has the lowest fixed cost per ton of any facility at IP." The machine, which previously made semichemical medium, was idled in late 2008.Read more
XMS Capital Partners, LLC acted as the exclusive financial advisor to Bemis Company for this transaction.
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The acquisition would be an integration move for Hood Container, which has a 370,000 tons/yr semichemical corrugating medium mill in New Johnsonville, TN. Hood acquired the mill in 2012 from International Paper (IP), which spun it off along with two other mills to gain government approval for its acquisition of Temple-Inland.Read more