Neenah Paper, Inc. (NP)
announced today that it has completed the purchase of certain premium business
paper brands from the Southworth Company. These brands, including Southworth,
the category leader, are sold largely to major retail customers such as
Staples, Office Depot, Office Max and Walmart. Annual sales from the acquired
brands are approximately $20 million.
The
purchase was financed through the Company's existing credit facility and cash
on hand. Other terms of the purchase agreement were not disclosed.
