Neenah Paper Completes Sale of Pictou Pulp Mill and Transformation to Premium and Specialty Paper Company
Neenah Paper, Inc. (NYSE:NP) announced today that it had completed the sale of its Pictou pulp mill to Northern Pulp Nova Scotia Corporation (“Northern Pulp”), a new operating company of Atlas Holdings LLC (“Atlas”) and Blue Wolf Capital Management LLC (“Blue Wolf”). The intended transaction was originally communicated in a press release on May 15, 2008; and terms of the sale are consistent with this earlier release.