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Finch, Pruyn Seeks Buyer for Glens Falls, NY Mill

June 28, 2006 - Finch, Pruyn & Co., Inc. said that it has retained professional advisers to solicit and assist in evaluating offers to purchase its paper mill and associated manufacturing facilities in Glens Falls.

"The Board of Directors has studied this matter for some time and has reached a decision to solicit proposals. It is acting in accordance with the interest of shareholders," said company spokesman John Brodt.

Finch, Pruyn said that it has not made a decision to sell the facilities to any prospective buyer, and that "no offers have been received at this time," Brodt added.

The Glens Falls pulp and paper mill, loctaed in Upstate New York, produces about 250,000 tons per year of uncoated papers for advertising, book publishing and business office uses.

SOURCE: Finch, Pruyn & Co., Inc.




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