Swedish company, BillerudKorsnäs, officials announced the completion of its acquisition of Verso on March 31, 2022. Their press release does not mention the future of the Wisconsin Rapids paper mill.
The acquisition of Verso reinforces BillerudKorsnäs’ strategy to drive profitable and sustainable growth and its ambition to accelerate its growth in North America. As a result of the acquisition of Verso, BillerudKorsnäs is now one of the largest providers of virgin paper and packaging materials with a cost and quality advantage.
Going forward, BillerudKorsnäs intends to simplify its company name and brand to “Billerud”, which it will operate under in all markets, including the U.S. BillerudKorsnäs is committed to continuing to serve Verso’s customers across all segments and realising its previously announced plans to convert several of Verso’s assets into paperboard machines, while maintaining Verso’s position as a quality and cost leader in speciality and coated paper.