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Current management team remains in place
September 5, 2008
By: TOM BRANNA
MeadWestvaco Corporation has sold its Specialty Papers cedar mill in Potsdam, NY, to Potsdam Specialty Paper, Inc. (PSPI). PSPI is said to be part of an investment holding company with offices in NY, Hong Kong, and Toronto, and has the financial resources to continue growing the business, expanding the product portfolio, investing in the people and facilities, and rapidly expanding the global reach to new customers. The mill’s current management team remains in place, and all employees will be transitioned to PSPI.
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