Company Description
Verso Corporation (NYSE: VRS) is a prominent North American producer specializing in graphic and specialty papers, packaging, and pulp. The company's comprehensive graphic papers portfolio includes sheetfed, web, digital, and inkjet papers, widely utilized in commercial printing, media, and marketing applications. These applications encompass magazines, catalogs, books, direct mail, corporate collateral, and retail inserts.
Verso’s specialty product lines feature release liner papers and high-performance label face stock, which are essential for pressure-sensitive, glue-applied, and litho laminate applications. In the packaging realm, Verso delivers recycled linerboard and medium used in corrugated box manufacturing, alongside bleached virgin and recycled kraft paper for various bags, sacks, and converting applications. Their SBS paperboard is crucial for single-face corrugated laminated box applications. Additionally, Verso produces market pulp, which serves as a base for printing, writing, specialty papers, facial and toilet tissues, and paper towels.
Latest Developments: Verso has recently been in the spotlight due to its acquisition activities. In August 2023, Atlas Holdings, an affiliate of Verso, finalized the acquisition of the Thunder Bay operations in Ontario from Resolute FP Canada Inc. This acquisition includes renowned northern bleached softwood kraft and hardwood kraft pulp, paper, newsprint, and directory paper production. The acquisition underlines Verso's commitment to expanding its footprint in the North American pulp and paper industry.
Atlas Holdings, headquartered in Greenwich, Connecticut, brings a wealth of experience to this partnership. Founded in 2002, Atlas operates 27 companies globally across various sectors, including automotive, building materials, and paper, generating approximately $16 billion in annual revenues. These strategic acquisitions and partnerships position Verso favorably for future growth and stability.
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No SEC filings available for Verso.