UPFRONT

Mohawk to Buy IP's Fine Papers

STAMFORD, CT—International Paper has signed a non-binding letter of intent to sell its fine papers business to Mohawk Paper Mills, of Cohoes, NY. The fine papers business, a small segment of International Paper's uncoated business, includes the writing, text and covers papers, as well as artist papers segment. Included in the sale are the Hamilton, OH, paper mill; the Saybrook, OH, converting center; and the Westfield, MA, artist papers converting operation. The brands included in the deal are Strathmore, Brite Hue, Via and Beckett.