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(06/17/2014 / sha)
+++ IMPORTANT +++
Sappi: Confirming disposal of Nijmegen Mill
With reference to the announcement made on 30 September 2013 about the future of the Sappi Nijmegen Mill, Sappi confirms that it has reached an agreement to dispose of the mill to an affiliate of American Industrial Acquisition Corporation (“AIAC”).
The new name of the Sappi Nijmegen Mill is Innovio Papers. It will manufacture specialty paper and will no longer be engaged in the coated graphic paper business. A transfer plan is being arranged with current graphic paper customers. The transaction is effective as of 16 June 2014.
