M&A Deal Summary

American Iron & Metal Acquires Verso Bucksport

On January 29, 2015, American Iron & Metal acquired forest products company Verso Bucksport from Verso

Acquisition Highlights
  • This is American Iron & Metal’s 1st transaction in the Forest Products sector.
  • This is American Iron & Metal’s 2nd transaction in the United States.
  • This is American Iron & Metal’s 1st transaction in Maine.

M&A Deal Summary
Date 2015-01-29
Target Verso Bucksport
Sector Forest Products
Buyer(s) American Iron & Metal
Sellers(s) Verso
Deal Type Divestiture

Target

Verso Bucksport

Bucksport, Maine, United States
Verso Bucksport LLC manufactures and markets coated ground wood papers for offset and rotogravure printing.

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Buyer(S) 1

Buyer

American Iron & Metal

East Montreal, Quebec, Canada
Category Company
Founded 1936
Sector Environmental
DESCRIPTION

American Iron & Metal Co., Inc. specializes in the recycling of metals and the transformation of industrial norms regarding the environment.

DEAL STATS #
Overall 3 of 3
Sector (Forest Products) 1 of 1
Type (Divestiture) 2 of 2
State (Maine) 1 of 1
Country (United States) 2 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-29 Verso Bucksport Power

United States

Verso Bucksport Power LLC owns and operates gas fired power plant.

Buy -

Seller(S) 1

SELLER

Verso

Miamisburg, Ohio, United States
Category Company
Founded 2006
Sector Forest Products
Revenue 1.3B USD (2021)
DESCRIPTION

Verso is a producer of graphic, specialty, and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Verso has two paper mills in Michigan, a roll to sheet converting facility in Wisconsin (paper production idled), and two distribution centers in Sauk Village, Illinois, and Bedford, Pennsylvania. The production facilities are strategically located within close proximity to major customers, and the annual production capacity totals around 1.1 million tonnes of paper. Verso was founded in 2006 and is based in Miamisburg, Ohio.

DEAL STATS #
Overall 3 of 4
Sector (Forest Products) 2 of 3
Type (Divestiture) 3 of 4
State (Maine) 1 of 1
Country (United States) 3 of 4
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-29 Verso Bucksport Power

United States

Verso Bucksport Power LLC owns and operates gas fired power plant.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Verso Androscoggin Power

Jay, Maine, United States

Verso Androscoggin Power LLC is an own and operates four hydroelectric generation facilities.

Buy $62M
Mergr

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