Neenah Paper's proposed acquisition of Wausau Paper assets will not immediately impact its Ba3 Corporate Family Rating or stable rating outlook, says Moody's
December 8, 2011
– Moody's Investors Service said that Neenah Paper Company's proposed acquisition of certain assets from Wausau Paper Corp. (unrated) will not immediately impact Neenah's Ba3 Corporate Family Rating or stable rating outlook.
For more information, please refer to the Issuer Comment published on moodys.com.
Neenah Paper, Inc. produces premium, performance-based papers and specialty products. The Fine Paper business segment accounts for slightly less than half of consolidated sales and produces premium writing, text, cover, and specialty papers used in corporate annual reports, corporate identity packages, invitations, personal stationery, and high-end packaging. The Technical Products business segment manufactures automotive filters, saturated and coated base papers, and a variety of non-woven wall coverings. Based in Alpharetta, Georgia, the company has operations in the US and Germany, and reported consolidated net sales of $691 million for the twelve months ended September 30, 2011.