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Industry News, Mergers and Acquisitions, Printers News

MWV Expands Product Offering for Commercial, Specialty Print Markets

Global packaging company to acquire Carolina business from International Paper

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

MeadWestvaco Corporation announced that it has entered into a definitive agreement to acquire the Carolina coated bristols business from International Paper Company. Terms of the transaction were not disclosed and the transaction is expected to close by the end of April.

“This acquisition will expand our ability to serve the commercial and specialty print markets,” said Bob Feeser, EVP, MWV. “We are excited to bring Carolina into our business and enhance our offerings for customers in this important market segment. In addition, we expect significant operational improvements when we integrate this business into our existing mill system.”

MWV and International Paper have agreed to a plan that will ensure minimal disruption for customers while a full and smooth transition is completed over the next several months.

“We have grown our business by focusing on profitable segments of the printing market such as high end retail signage and displays, digital printing, and specialty packaging,” said Joe McNamara, president of MWV’s tobacco and commercial print businesses. “The Carolina business will be a long term strategic fit that will have considerable benefits for both MWV and our customers. We expect a seamless transition and look forward to working with customers to address their needs in the coming months and beyond.”

Carolina is a line of coated one-side and coated two-side solid bleached sulfate paperboard that is available in a range of sizes, calipers and specifications for use in offset and digital printing end use applications such as direct mail, retail signage, brochures, lottery tickets, game and greeting cards. As with MWV’s Tango business, Carolina has long been associated with providing high quality print fidelity and image reproduction for these applications.

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