Verso Paper
| Public company | |
| Traded as | NYSE:VRS |
| Industry | Pulp and Paper |
| Founded | 2006 |
| Headquarters | Miamisburg, USA |
|
Key people
|
David J. Paterson Peter H. Kesser (CEO) |
| Products | pulp, paper and process industries |
|
Number of employees
|
5200 |
| Parent | Verso Paper Holdings LLC |
| Website | www.versoco.com |
Based in Memphis, TN, Verso Corporation (OTC Pink Current: ) is a leading North American producer of coated papers including coated groundwood, coated freesheet, supercalendered and specialty products. Verso's paper products are used primarily in media and marketing applications, including magazines, catalogs, and commercial printing applications such as high-end advertising brochures, annual reports and direct-mail advertising. Verso operates eight paper mills in the U.S.
The company was formed in August 2006 when Apollo Global Management purchased the coated and supercalendered paper business from International Paper. In April 2008, Verso conducted an initial public offering and was listed on the New York Stock Exchange. In January 2015, Verso completed its acquisition of NewPage Holdings.
Verso Corporation filed for Chapter 11 bankruptcy on January 26, 2016. Six months later, the company emerged from bankruptcy after restructuring and reducing its debt by $2.4 billion. As of January 2017, the company moved its headquarters from Memphis to Miamisburg, Ohio in a consolidation of offices as the company set a goal of reducing its overhead expenses by 10 percent annually. In January 2017, B. Christopher DiSantis was appointed to become the chief executive officer (CEO) and a director of Verso effective as of February 1, 2017.
In 2017, a local newspaper awarded the Verso facility in Luke, Maryland as the stinkiest factory south of the Mason–Dixon line.
In 2008, Verso received the Environmental and Energy Achievement Award from the American Forest and Paper Association for its work with the Bucksport Environmental Innovation Partnership.
In 2009, Verso received the 2009 Southeast Regional Green Business Innovator of the Year award.
In 2010, Verso received the Sustainable Forestry Initiative (SFI) President’s Award for its partnership efforts to promote sustainable forest management principles and initiatives in Maine.
In 2015, Verso Paper’s Quinnesec Mill was awarded the Michigan Voluntary Protection Program (MVPP) Star award by the Michigan Occupational Safety and Health Administration (MIOSHA) for the fifth time.
...
Wikipedia