NewPage and Niagara Development LLC Complete Sale of Niagara, Wisconsin Mill Property and Assets
About NewPage Corporation
Headquartered in Miamisburg, Ohio, NewPage Corporation is the largest coated paper manufacturer in North America, based on production capacity, with $3.1 billion in net sales for the year ended December 31, 2009. 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. Without giving effect to the closure of the Whiting, Wisconsin mill, these mills have a total annual production capacity of approximately 4.4 million tons of paper, including approximately 3.2 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 Niagara Development LLC
Niagara Development LLC through its principals, Yong Liu of The Faith Group Company, a world leader in plastic, metals and mining commodity trading and Eric J. Spirtas of EJ Spirtas Group LLC National Contracting Expert, has acquired a number of former industrial properties with various development plans to maximize both land and site assets. These properties vary in size, scope and type, thus requiring very specific redevelopment efforts designed by our growth management team to suit the specific location and respective needs of the community. To learn more, visit www.faith-group.com or www.ejspirtasgroup.com.
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