Smurfit Newsprint, the
recycled newsprint operation in Pomona, Calif., owned by Jefferson Smurfit
Group, is for sale. Smurfit, which is looking to reduce debt and raise money to
buy back shares is reportedly seeking around $125 million for the mill.
The move follows a path by
Jefferson Smurfit Group to divest itself of operations that no longer fit in
with the company’s strategic core operations.
The mill, which produces
around 150,000 tons of recycled newsprint a year, has been on the market for
several months, according to local press reports. So far there haven’t been any
signs of a potential buyer for the mill.
Explore the February 2001 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
