Profile: Verso Paper Corp (VRS.N)
7 Mar 2014
Verso Paper Corp. (Verso Paper) is a holding company. Verso Paper is engaged in producer of coated freesheet, coated groundwood, and uncoated supercalendered papers. These products are used in catalogs, magazines, retail inserts, and commercial print. The Company operates in three market segments: coated and supercalendered papers; hardwood market pulp, and other, which consists of specialty papers. It is also a supplier of coated papers to catalog and magazine publishers. Its coated freesheet papers are used primarily for annual reports, brochures, and magazine covers. Effective January 27, 2014, Verso Paper Corp, a unit of Apollo Global Management LLC, acquired the remaining 72% interest, in Bucksport Energy LLC, a owner and operator of gas turbine generator.
The Company also produces and sells market kraft pulp, which is used to manufacture printing and writing paper grades and tissue products. As of December 31, 2011, it operated nine paper machines at four mills located in Maine, Michigan, and Minnesota. As of December 31, 2011, Verso Paper’s mills had a combined annual production capacity of 1,505,000 tons of coated and supercalendered paper, 165,000 tons of ultra-lightweight specialty and uncoated papers, and 930,000 tons of kraft pulp. The Company sells and markets its products to approximately 125 customers, which consists of approximately 700 end-user accounts. It is also a rotogravure lightweight coated paper manufacturer in North America. Rotogravure printing is a technique for transferring ink onto coated papers. In addition, it supplies both rotogravure coated groundwood and rotogravure coated freesheet.
Coated groundwood paper includes a fiber component produced through a mechanical pulping process. Coated freesheet paper is made from bleached kraft pulp, which is produced using a chemical process to break apart wood fibers and dissolve impurities, such as lignin. Supercalendered paper consists of groundwood fibers and filler content but does not receive a separate surface coating. Instead, the paper is passed through a supercalendering process, in which alternating steel and filled rolls iron the paper. The Company produces and sells northern bleached hardwood kraft (NBHK) pulp. NBHK pulp is produced through the chemical kraft process using hardwoods. The Company also offers recycled paper to help meet specific customer requirements. In addition, Verso Paper offers customized product solutions. The Company’s product offerings also include lightweight uncoated printing papers and lightweight coated and uncoated flexible packaging papers.
The Company competes with NewPage Corporation, Resolute Forest Products, UPM-Kymmene Corporation and Sappi Limited.
Verso Paper Corp
Suite 400, 6775 Lenox Center Cou
MEMPHIS TN 38115