Port Hawkesbury; NS Grants $124.5 Million, Lower Power Rate Approved

Nova Scotia announces $124.5 million financial package for Port Hawkesbury Paper:
Last week the creditors of NewPage Port Hawkesbury voted in favour of the sale arrangement of the mill to Pacific West Commercial Corp.
With that approval, there were just 2 official decisions left before the sale of the mill will be finalized.
The Nova Scotia Utility and Review Board announced today that they have approved the lower power rate for the mill.
That leaves just the decision of the Canada Revenue Agency who must approve the advanced tax rule.
Meanwhile, the Province of Nova Scotia has announced a $124.5 million financial package for the mill, that will be renamed “Port Hawkesbury Paper“.

NewPage & L.L. Bean Team Up for Project

http://www.wisconsinrapidstribune.com/article/20120821/WRT01/308210240/NewPage-partnership-help-increase-sustainable-woodlands-central-Wisconsin?odyssey=tab|topnews|text|FRONTPAGE

NewPage announced today that it has teamed with L.L.Bean and the Wisconsin Woodland Owners Association (WWOA) in an effort to increase sustainably managed woodlands in six Central Wisconsin counties. The project partners will provide forest management assistance and third-party certification using certification standards of the American Tree Farm System to woodland owners at no cost.

The initial pilot program is targeted at WWOA-member woodland owners in the Central Sands Chapter, which includes: Wood, Portage, Waushara, Adams, Juneau and Marquette counties. To date, 42 landowners owning more than 6,000 acres of forest have committed to the program.

Cenveo Closing Envelope Plant

http://www.jsonline.com/business/kenosha-envelope-company-to-close-cutting-103-jobs-fc6igu5-166823086.html

Cenveo Inc. will close its envelope plant in Kenosha by Oct. 19 in a move that will result in the loss of 103 jobs.

The plant at 5612 95th Ave. in Kenosha was owned by MeadWestvaco until Stamford, Conn.-based Cenveo bought that company last year.

"The closure of this facility will be permanent, and the entire manufacturing plant will be closed," the company said in a filing with the state Department of Workforce Development.

Meredith's "Eating Well" Raises Rate Base

http://www.mediabistro.com/fishbowlny/eatingwell-to-increase-rate-base_b66483

Meredith has only owned EatingWell since last summer, but things are already going great for the magazine. Starting with the July/August 2013 issue, EatingWell will boost its rate base from 600,000 to 750,000. That’s an increase of 115 percent since Meredith acquired the brand.