Neenah Purchases Premium Business Paper Brands From Southworth

Thu Jan 31, 2013 5:00pm EST

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ALPHARETTA, Ga.--(Business Wire)--
Neenah Paper, Inc. (NYSE:NP) announced today that it has completed the purchase
of certain premium business paper brands from the Southworth Company. These
brands, including Southworth®, the category leader, are sold largely to major
retail customers such as Staples, Office Depot, Office Max and Walmart. Annual
sales from the acquired brands are approximately $20 million. 

"As the market leader in premium papers, this is a natural extension of our Fine
Paper business. The addition of Southworth`s well-regarded brands allows us to
expand our presence in the retail channel and fits with our strategy to grow in
profitable niches that value image and performance," said Julie Schertell,
President - Fine Paper. "We have been pleased with the reception from our
customers and our team is excited to market these brands as part of Neenah`s
portfolio." 

The purchase was financed through the Company`s existing credit facility and
cash on hand. Other terms of the purchase agreement were not disclosed.
Additional information about the purchase will be shared in the Company`s Fourth
Quarter Earnings Call on February 21, 2013. 

About Neenah Paper, Inc.

Neenah Paper is a leader in premium image and performance-based products,
including filtration, specialized substrates used for tapes, labels and other
products, and high-end printing papers. Products are marketed under well-known
brands such as CLASSIC, ASTROBRIGHTS, ENVIRONMENT, CRANE, ROYAL SUNDANCE,
KIMDURA, Gessner, JET-PRO SofStretch(TM) and varitess. Neenah Paper is
headquartered in Alpharetta, Georgia and sells products in over 70 countries
worldwide from manufacturing operations in the United States and Germany.
Additional information about Neenah Paper can be found at the company's web
site, www.neenah.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking"
statements as defined in Section 27A of the Securities Act of 1933 (the
"Securities Act"), Section 21E of the Securities Exchange Act of 1934 (the
"Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the
"PSLRA"), or in releases made by the Securities and Exchange Commission, all as
may be amended from time to time. Statements contained in this press release
that are not historical facts may be forward-looking statements within the
meaning of the PSLRA. Any such forward-looking statements reflect our beliefs
and assumptions and are based on information currently available to us and are
subject to risks and uncertainties that could cause actual results to differ
materially including, but not limited to: (i) unexpected challenges associated
with the integration of the Wausau premium business; (ii) changes in prices for
pulp, energy, latex and other raw materials, (iii) worldwide economic
conditions, (iv) U.S. dollar/Euro and other exchange rates, (v) significant
capital and credit market volatility, (vi) the availability of raw materials,
(vii) unanticipated expenditures related to the cost of compliance with
environmental and other governmental regulations and (viii) the ability of the
company to realize anticipated cost savings. These and other factors that could
cause or contribute to actual results differing materially from any
forward-looking statements are discussed in more detail in our other filings
with the Securities and Exchange Commission. Forward-looking statements are only
predictions and involve known and unknown risks, uncertainties and other factors
that may cause our actual results, performance or achievements, or industry
results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. We
undertake no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or otherwise. These
cautionary statements are being made pursuant to the Securities Act, the
Exchange Act and the PSLRA with the intention of obtaining the benefits of the
"safe harbor" provisions of such laws. Neenah Paper, Inc. cautions investors
that any forward-looking statements we make are not guarantees or indicative of
future performance.

Neenah Paper, Inc.
Bill McCarthy, 678-518-3278
Vice President - Financial Analysis and Investor Relations


Copyright Business Wire 2013

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