NewPage Adds Stora Enso NA

The acquisition is expected to close during the first quarter of 2008.

In 2006, Stora Enso North America generated $2 billion in revenues and an adjusted EBITDA of $295 million. During that same period, the combined company would have generated $4.1 billion on a proforma basis.

The deal is expected to generate about $265 million in annualized cost savings.