Appvion announced completion of the sale of substantially all of the Company’s assets to a group of its lenders led by Franklin Advisers, Inc. The transaction will significantly reduce Appvion’s debt, provide additional liquidity, and better position the Company to compete long-term in the evolving specialty paper market and further invest in the innovation that has made it a market leader. As previously announced, the sale was approved by the U.S. Bankruptcy Court for the District of Delaware on May 14, 2018. The total consideration was approximately $365 million, plus the assumption of substantial liabilities, including many of the Company’s contractual obligations. Prior to the closing of the transaction, the Company reached agreement with the United Steelworkers Union on new collective bargaining agreements for Appvion’s manufacturing facilities in Appleton, Wisconsin, West Carrollton, Ohio, and Roaring Spring, Pennsylvania. The new three-year agreements, which were ratified at the end of May, cover approximately 830 Appvion employees. Click Read More below for additional information.
American Eagle Paper Mills® is pleased to announce that we are adding 11 x 17 to our 20# Eagle Color 30 cut size portfolio. Our five select colors include canary, green, blue, pink, and ivory and are available for immediate shipment. As with all our products these can assort with other Eagle grades for truckload delivery. The minimum order quantity of any Eagle cut size item remains one pallet.
The Sell Sheet is available on demand on our website, www.aepaper.com under the “Our Paper” tab in both a printable and exportable pdf file.
For your convenience, we have included a listing of the new item numbers along with a graphic representation of the carton label which graphically distinguishes our 11 x 17 packaging with a corresponding color border around the perimeter of the label.
As always Eagle Color® 30 continues to build on our portfolio of recycled alternatives: 30% recycled, FSC certified, and Elemental Chlorine Free.