Verso to Locate Ohio Operations Center in Miamisburg Following Completion of Pending Newpage Acquisition

The Ohio Operations Center will be located in NewPage's existing Miamisburg office building shortly following the completion of Verso's pending acquisition of NewPage expected later this year.

June 5, 2014 - Verso Paper Corp. today announced plans to consolidate its existing West Chester office and the NewPage Miamisburg office into a single Ohio Operations Center. The Ohio Operations Center will be located in the existing Miamisburg facility shortly following the completion of Verso's pending acquisition of NewPage expected later this year.

Verso's corporate headquarters will remain in Memphis, Tennessee.

Verso's West Chester office currently houses about 55 employees in customer-facing and Information Technology functions.

"We're committed to presenting a single face to our customers on Day 1," said Mike Weinhold, Verso's senior vice president of Sales, Marketing and Product Development. "Quickly co-locating our teams will help ensure we deliver on our promise of a seamless transition for customers."

The NewPage Miamisburg office is located at 8540 Gander Creek Drive, about 20 miles north of West Chester.

"While we understand this will be an adjustment for our West Chester employees, we plan to do our best to minimize the potential disruption that such a move entails," Verso's Vice President of Human Resources Kenny Sawyer said. "We conducted a thoughtful and rigorous analysis of our options for a single Ohio Operations Center. Ultimately, our decision was based on a combination of financial, logistical and employee considerations that led us to select Miamisburg as the best option."

SOURCE: Verso Paper Corp.