With this acquisition, Fox River Paper Co., a wholly-owned subsidiary ofprivately-held Fox Valley Corp. of Appleton, WI, will produce and sell all of the Gilbert Paper Co. products as part of a separate branding strategy. As a result of this sale, Mead will have a 20% interest in the combined company.
The acquisition is expected to be completed by Nov. 30. The sale and relatedmill closure will result in Mead taking a pretax charge of about $24 million.
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