Tuesday, September 17, 2013

Sale Puts Boise’s International Falls Mill at Risk

http://www.startribune.com/business/223964661.html
Packaging Corp. of America’s announcement Monday that it plans to buy struggling Boise Inc. in a cash deal worth nearly $2 billion has raised concerns about the fate of Boise’s paper plant in International Falls.
Illinois-based PCA is best known for making boxboard and corrugated packaging products, while the smaller Boise makes copier paper, liner board and corrugated packaging products. But copier paper is the primary product for Boise’s International Falls plant, putting it at increased risk for cutbacks. In May, the factory announced that it was reducing staff as electronic correspondence such as e-mail and text messages clipped demand for paper.
“The question is whether Packaging Corporation of America wants the copy-paper portion of [Boise’s] business,” said Wayne Gjerde, recycling market development manager for the Minnesota Pollution Control Agency. “I am really concerned that we maintain our container board and paper capacity here. That [provides] a lot of our jobs.”