Nippon Paper Industries to sell Port Angeles mill to US subsidiary of Bio-Pappel

Nippon Paper Industries Co., Ltd. announced the sale of the Port Angeles Washington paper mill and cogeneration assets, which are owned and operated by Nippon Paper Industries USA Co., Ltd., to McKinley Paper Company.

McKinley is the US subsidiary of Bio-Pappel S.A.B. de C.V., the leading company in Mexico in paper and paper products business. Terms of the deal were not disclosed.

McKinley Paper Company operates paper collection and recycling centers in New Mexico, Texas, Arizona and Colorado.

Nippon Paper Industries Co., Ltd. is one of the top 10 pulp and paper companies in the world. Founded in 1949 the company owns more than 160 group companies and 180 thousand hectares of private timberlands.

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