MeadWestvaco Sells Specialty Papers Business

Glen Allen, VA, Oct. 9, 2009--MeadWestvaco said that it has signed an agreement to sell its Specialty Papers business in South Lee, Mass., to Onyx Specialty Papers, a group made up of the unit’s management.

The business produces papers for the decorative laminate products market and other specialty markets.

Terms of the agreement were not disclosed. The sale is expected to be completed in early  December 2009.

Onyx is a new business formed by the plant’s current general manager, Patricia Begrowicz, and Chris Mathews, vice president of Sales and Business Development.

“We have built a strong business by producing high quality papers, serving diverse, global markets,” said

Begrowicz. “We have long standing relationships with our customers and vendors, and produce specialized products that meet the unique demands of certain markets. We are confident that this is a competitive and profitable business and are looking forward to continuing to serve our customers for the long term.”