Sappi to Acquire Potlatch Coated Paper Business

With the deal, Potlatch exits the coated printing papers business. In 2001, Potlatch's printing papers segment reported a loss of $36.7 million on revenues of $464 million.

Value Generator

Sappi expects to generate significant value for its shareholders through the acquisition; by 2003, the company expects earnings per share accretion of 20 cents.