Laserfiche WebLink
Neenah Paper- Investor Relations- News Release Page 1 of 1 <br />Print Page Close Window <br />News Release <br />Neenah Paper Sells Ripon facility for $9,000,000 <br />ALPHARETfA, Ga., Oct 27, 2010 (BUSINESS WIRE) -- <br />Neenah Paper, Inc. (NYSE: NP) today announced that the Company sold the land and remaining assets of its fine <br />paper mill in Ripon, California to Diamond Pet Food Processors of Ripon, LLC for a purchase price of $9 million. The <br />Company will recognize a pre-tax gain on the sale of approximately $3 million in the fourth quarter of 2010. <br />About Neenah Paper, Inc. <br />Neenah Paper is a leading global manufacturer of premium, performance-based papers and specialty products used <br />in a variety of applications including filtration, printing and writing, and as backing and component materials for <br />various specialized industrial and consumer applications. Products are marketed under well-known brands such as <br />CLASSIC(R), ENVIRONMENT(R), CRANE(R), KIMDURA(R), Gessner(R), JET-PRO(R) SofStretch(TM) and varitess(R). <br />Based in Alpharetta, Georgia, the company has paper manufacturing operations in the United States and Germany. <br />Additional information about Neenah Paper can be found at the company's web site, www.neenah.com. <br />SOURCE: Neenah Paper, Inc. <br />Neenah Paper, Inc. <br />Bill McCarthy, 678-518-3278 <br />Vice President - Financial Analysis and Investor Relations <br />http://phx.corporate-ir.net/phoenix.zhtml?c=186545 &p=irol-newsArticle_print&ID=148 81... 11/9/2010 <br />