Mead, Westvaco Join Forces

Evaluation Slated
The company will consist of four major business segments: packaging, coated papers, consumer and office products, and specialty chemicals. It boasts 100 operations and sales locations in 34 countries.

In a conference call with analysts, the companies said that select paper and containerboard operations are the assets most likely to be restructured, sold or closed. The evaluation of assets, along with a determination of the number of jobs that will be eliminated, is expected in the first 12 months after closing, which is scheduled to transpire at the end of the year.