Tuesday, August 7, 2012

Appleton Papers Records Q2 Loss

Appleton Papers records quarterly loss: Appleton Papers blamed expenses related to stopping papermaking in Ohio and its unsuccessful merger with a Dallas-based investment group for its $32.5 million quarterly loss.The company said Monday its second quarter net sales of $213.9 million was a 1.2 percent drop from net sales of $216.6 million recorded the same time last year. The company said costs to stop papermaking at its West Carrollton, Ohio facility totaled $42.9 million. The company also spent $6.5 million on costs associated with a plan to merge with Hicks Acquisition Co.