MeadWestvaco Corporation has completed its agreement with International Paper to acquire the Carolina® coated bristols business. There were no manufacturing assets included in the purchase. Terms of the transaction were not disclosed.
MWV and International Paper have agreed to a plan that will ensure minimal disruption for customers while a full and smooth transition is completed. That plan includes IP continuing to manufacture Carolina for MWV until the transition is complete in the fourth quarter of 2015.
Carolina is a line of coated one-sided and coated two-sided solid bleached sulfate paperboard that is available in a range of sizes, calipers and specifications for use in offset and digital printing end use applications such as direct mail, retail signage, brochures, lottery tickets, game and greeting cards.