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Fox River Paper Mill Up For Auction

May 1, 2008 - Stuart B. Millner & Associates (SBMA), a company which specializes in the liquidation and auction of surplus assets, said that it has been hired by Neenah Paper Inc. of Alpharetta, Georgia to manage the closure of its Fox River Paper mill in Urbana, Ohio.

The 360,000+ sq. ft. total plant deactivation process includes machinery, equipment and real estate. The mill houses two complete 80-inch wide Fourdrinier-type paper machines which have a combined production capacity of 130 tpd at an operating speed of 1,200 FPM.

The mill also has sheeters, embossers, guillotine trimmers and other ancillary equipment associated with the papermaking process.

Everything must go, SBMA said.

All equipment liquidated is estimated for completion by the fourth quarter of 2008, SBMA added.

Neenah Paper Inc. purchased the Fox River Paper company in 2007 and shut the Urbana mill down after completing an analysis of how best to optimize its combined manufacturing footprint. Products produced at the Urbana mill have been shifted to other fine paper manufacturing facilities to utilize existing available capacity at the Neenah's other mills.

For a detailed list of mill assets, visit: www.sbmac.com/Auctions.aspx

SOURCE: Stuart B. Millner & Associates




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