NewPage and AIM Demolition USA LLC Sign Asset Purchase Agreement for the Purchase of Kimberly, Wisconsin Facility

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Jun 07, 2011, 06:28 ET

MIAMISBURG, Ohio and MACEDONIA, Ohio, June 7, 2011 /PRNewswire/ -- NewPage Wisconsin System Inc., an indirect, wholly-owned subsidiary of NewPage Corporation, and AIM Demolition USA LLC jointly announced today that they have entered into an Asset Purchase Agreement for AIM Demolition USA LLC's purchase of the NewPage Kimberly, Wisconsin facility from NewPage Wisconsin System Inc. The transaction is expected to close this month. AIM Demolition USA LLC is currently exploring various avenues regarding the potential future of the site.

Sanabe & Associates, LLC, acted as financial advisor to NewPage in the transaction.

About NewPage Corporation

Headquartered in Miamisburg, Ohio, NewPage Corporation is the largest coated paper manufacturer in North America, based on production capacity, with $3.6 billion in net sales for the year ended December 31, 2010. The company's product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint and specialty papers. These papers are used for corporate collateral, commercial printing, magazines, catalogs, books, coupons, inserts, newspapers, packaging applications and direct mail advertising.

NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and Nova Scotia, Canada. As of March 31, 2011, these mills have a total annual production capacity of approximately 4.1 million tons of paper, including approximately 2.9 million tons of coated paper, approximately 1.0 million tons of uncoated paper and approximately 200,000 tons of specialty paper. To learn more, visit www.NewPageCorp.com.

About AIM Demolition USA LLC

AIM Demolition USA LLC is an affiliate of American Iron & Metal Company Inc. ("AIM"), one of the largest metal recycling companies in North America. Headquartered in Montreal, Canada, it has metal recycling operations in several Canadian provinces as well as in the States of Ohio and Georgia. It also specialises in manufacturing of various products for the industrial soldering market such as solder wire, solder past and alloys through its facilities located in Montreal, Rhode Island, Mexico, Hong Kong & China.

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SOURCE NewPage Corporation