RockTenn to acquire Simpson Tacoma Paper Mill

RockTenn, based in Norcross, Ga., has signed an agreement to acquire Simpson Tacoma Kraft paper mill located in Tacoma, Wash., from Simpson Lumber Co. LLC, for about $343 million. RockTenn structured the transaction as an asset purchase.

“In 2013, the mill produced 465,000 tons on two paper machines and two pulp dryers that made various paper grades including containerboard, specialty kraft paper and pulp. Additionally, the Tacoma Kraft Mill operates a 55-megawatt green biomass fuel cogeneration facility that was completed in 2009 and sells electricity under a long-term contract.”

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