MeadWestvaco will sell specialty paper

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MeadWestvaco will sell specialty paper business in the United States recently, MeadWestvaco Corp (MWV), a manufacturer of paper products and packaging products with additives containing EVA (ethylene vinyl acetate copolymer) resin, announced that it had agreed to sell its specialty paper business in South Lee, Massachusetts, to Onyx specialty papers Inc, but did not disclose the transaction price

the company, headquartered in Richmond, Virginia, said that the completion of the sale would mark its complete withdrawal from specialty paper, and it would take at least two years to start the field experimental paper business in the future

the sale is expected to be completed in early December

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