Sappi Limited has purchased Potlatch Corp.’s Printing Papers business for $480 million.
The deal includes the printing company’s business, brands, research and development and its pulp and paper mill in Cloquet, MN. These entities will become part of Boston-based Sappi Fine Paper North America, a division of Sappi Limited.
Sappi Limited is a producer of coated fine paper headquartered in Johannesburg, South Africa.
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