IP Selling Fine Papers Business to Mohawk

Mohawk Paper Mills signed an agreement to purchase the Fine Papers business from International Paper. Late last year the company signed a letter of intent to purchase the business. The company hopes to complete the transaction by the second quarter of this year.

IP’s Fine Papers Business includes the Hamilton, Ohio, paper mill, with an annual production capacity of approximately 65,000 tons; the Saybrook, Ohio, converting center; and the Westfield, Mass., Artist Papers converting operation. The purchase will also include the Strathmore, Brite Hue, Via and Beckett brands.