Madison Paper Industries concluded the sale of its hydro power facilities in North America to Eagle Creek Renewable Energy

"Thanks to the efforts of the Verso team, Verso delivered excellent safety results and solid financial performance in the fourth quarter driven by improved sales and operations year-over-year," said Verso President and Chief Executive Officer Randy Nebel. "As we look toward the future, we believe our pending combination with BillerudKorsnäs will enable our customers and employees to benefit from enhanced opportunities as part of a larger, stronger organization. Our full Board believes the proposed merger maximizes value for shareholders, who will receive a significant premium and immediate and certain value for their shares of Verso." Net sales for the three months ended December 31, 2021 increased $14 million or 4% compared to the three months ended December 31, 2020 driven by favorable price/mix of $57 million, partially offset by $43 million, or 14%, in decreased sales largely attributable to our sold Duluth and idled Wisconsin Rapids mills. Total company sales volume was down from 392 thousand tons during the three months ended December 31, 2020, to 341 thousand tons during the same period of 2021, primarily attributable to our sold Duluth and idled Wisconsin Rapids mills.

Neenah is announcing a price increase of approximately 3% - 5% on several of our Wide Format brands. We’ve also taken this opportunity to better align our conVerd Board® brand pricing across the products within that portfolio. The list below information for all brands that are being increased. Wide Format - BANNER-BRITE; BLOX-LITE®; CITYLIGHT®; CONVERD BOARD® 1.5MM; CONVERD BOARD® 3.0 MM; CONVERD BOARD® 3.5MM; CONVERD BOARD® 4.7MM; CONVERD BOARD® 6.0 MM; DIGISCAPE®; DUOBOARD®; ENDURA®; EVERYDAY PHOTO; ENVIROSCAPE MURAL®; FLEXART®; GREENLIGHT® II Plus; IMAGEASE®; LUSTRÉ BOARD®; NEENAH® Photo Satin. Wide Format Brands excluded from this price increase include: CLASSIC CREST® Wide Format, ESSE® Wide Format and ASTROBRIGHTS® Wide Format. Click Read More below for additional information.

Members of the Technical Association of the Pulp & Paper Industry (TAPPI) recently elected Bill Edwards, Domtar’s senior vice president of pulp and paper operations, to serve on the TAPPI board of directors. TAPPI is the leading association for the worldwide pulp, paper, packaging, tissue and converting industries. Through information exchange and events, it has provided management training and networking to the pulp and paper industry’s leaders for more than 100 years. Edwards leads Domtar’s pulp and paper manufacturing, converting/coating operations, and optimization efforts, and he brings more than 30 years of experience in the industry to his role on the TAPPI board of directors.