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
Kendall Sinclair
NEW YORK
,
December 8, 2011
(press release)
–
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.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.