STAMFORD, Conn., June 5 /PRNewswire-FirstCall/ -- International Paper (NYSE: IP) has signed a definitive agreement to sell its coated and supercalendered papers business to CMP Holdings LLC, an affiliate of Apollo Management L.P. for approximately $1.4 billion, subject to certain post- closing adjustments. The coated and supercalendered papers business includes four paper mills, located in Jay, Maine; Bucksport, Maine; Quinnesec, Mich.; and Sartell, Minn., and generated $1.6 billion in sales in 2005. The transaction is expected to close in mid-summer 2006, subject to various closing conditions including receipt of financing, regulatory approvals and other customary conditions.

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The purchase price consists of approximately $1.37 billion in cash plus approximately $30 million in the form of a 10-percent limited partnership interest in CMP Investments LP, the parent company of CMP Holdings LLC. This interest includes the right to receive certain additional payments contingent upon the buyer's achievement of certain investment return hurdles.

The transaction is part of IP's previously announced transformation plan to focus on uncoated papers and industrial and consumer packaging globally. Expected proceeds from divestitures announced to date, including coated papers, are approximately $9.1 billion.

"The coated papers sale agreement is another important step in transforming International Paper to narrow our focus, strengthen our returns and improve value for our shareowners," said John Faraci, IP chairman and chief executive. "Our coated papers unit is a good business, with talented leadership, excellent employees, quality brands and an outstanding customer base. This business has been an important contributor to International Paper, and we expect it will continue to thrive under new ownership."

"We are excited to be purchasing International Paper's Coated and SC Paper business, an asset with a leadership position in the North American coated papers markets," said Scott Kleinman, a partner at Apollo Management. "We view the company as an excellent business and look forward to the opportunity to invest alongside a strong management team with whom we will work to grow the business and realize the full potential of the company's leading market positions."

International Paper's coated and supercalendered papers business annually produces approximately 2 million tons of coated freesheet and coated groundwood papers for the magazine, catalog and retail insert markets. Its brands include Advocate(R), Influence(R), Liberty(TM), Savvy(R), Trilogy(R) and Velocity(TM). The business, headquartered in Memphis, Tenn., employs approximately 3,000 people.

About Apollo Management, L.P.

Apollo Management, L.P., founded in 1990, is among the most active and successful private investments firms in the United States in terms of both number of investment transactions completed and aggregate dollars invested. Since its inception, Apollo has managed the investment of an aggregate of approximately $13 billion in equity capital in a wide variety of industries, both domestically and internationally, and is currently managing Apollo Investment Fund VI, L.P., its most recent fund with committed capital of $10.1 billion.

About International Paper

Headquartered in the United States, International Paper has been a leader in the forest products industry for more than 100 years. The company is currently transforming its operations to focus on its global uncoated papers and packaging businesses, which operate and serve customers in the U.S., Europe, South America and Asia. These businesses are complemented by an extensive North American merchant distribution system. International Paper is committed to environmental, economic and social sustainability, and has a long-standing policy of using no wood from endangered forests. To learn more, visit http://www.internationalpaper.com.

This press release may contain forward-looking statements. These statements reflect management's current views and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. Factors which could cause actual results to differ relate to: (i) the successful fulfillment (or waiver) of all conditions set forth in the sale agreement; (ii) the successful closing of the transaction within the estimated timeframes; and (iii) with the respect to the Company's announced transactions, the ability of the Company to consummate such transactions and realize expected proceeds. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Other factors that could cause or contribute to actual results differing materially from such forward looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings.

SOURCE International Paper
06/05/2006

CONTACT: Media, Amy Sawyer, +1-901-826-4278, or IP Media Relations, +1-901-419-NEWS; or Investors, Darial Sneed, +1-203-541-8541, or Brian McDonald, +1-203-541-8586, or Brian Turcotte, +1-203-541-8632, all of International Paper

Web site: http://www.internationalpaper.com

Stora Enso sells its Celbi Pulp Mill to Altri

Nashua Opens New Specialty Paper Plant in NJ

Jun 13, 2006 Nashua Corp. announced the opening of a new manufacturing and distribution facility in Cranbury, New Jersey that will service the wide-format specialty paper products used by architects, engineers and in the graphic and sign markets.

"Our wide-format business has increased significantly in the past four years, and this new facility will enable us to build on the momentum we have in the marketplace. This investment offers expanded service and support to our customers on the east coast where we see excellent opportunities for growth," said Tom Brooker, CEO of Nashua.

SOURCE: Nashua Corp.

Finch Board To Solicit Offers For Mill, June 28, 2006

The Board of Directors of Finch, Pruyn & Co., Inc., acting in accordance with the interest of shareholders, has retained professional advisers to solicit and assist in evaluating offers to purchase its paper mill and associated manufacturing facilities in Glens Falls.

No decision to sell the facilities to any prospective buyer has been made. Business operations of the company continue as usual.

Customer demand for Finch, Pruyn’s high-value, premium uncoated printing and writing papers has rebounded this year. Orders for Finch, Pruyn’s premium text and cover papers, especially its signature product, Finch Fine, are strong. Finch, Pruyn has successfully launched a new line of five digital paper products that has gained broad customer acceptance. The Company is on track to achieve improved financial results for 2006.

Finch, Pruyn values its strong relationship with its 850 employees and with the local unions that represent bargaining units of its employees; its customers coast to coast; its local and regional suppliers and vendors, and the community. We recognize their interest in our business. Should a decision be made to sell assets, Finch, Pruyn will make a timely announcement.

For More Information:
John Brodt
(518) 792-3856

International Paper Agrees to Sell kraft papers to Stone Arcade Acquisition Corp.

STAMFORD, Conn., June 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- International Paper (NYSE: IP) has signed a definitive agreement to sell its kraft papers business to Stone Arcade Acquisition Corp. (OTC Bulletin Board: SCDE) for approximately $155 million in cash, subject to certain closing and post-closing adjustments, and two payments totaling up to $60 million, payable five years from the close of the transaction, contingent upon business performance. The kraft papers business generated approximately $220 million in sales in 2005 and includes the Roanoke Rapids, N.C., paper mill and the Ride Rite(R) dunnage bag plant in Fordyce, Ark.

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The agreement is part of IP's previously announced transformation plan to focus on uncoated papers and packaging. Proceeds from divestitures announced to date, including kraft papers, total approximately $9.3 billion.

The sale is expected to close in the third quarter, subject to satisfaction of various closing conditions, including regulatory approval and approval by Stone Arcade shareholders. After closing, the company will be called KapStone Kraft Paper Corporation -- a division of KapStone Paper and Packaging Corporation. Tim Keneally, currently vice president of IP's kraft papers business, will lead the KapStone Kraft Paper business.

"Kraft Papers has been a solid niche business for International Paper and we're pleased to see that a number of interested parties, including Stone Arcade, agree with us," said Carol Roberts, senior vice president of IP Packaging Solutions. "This agreement speaks to the quality of the people and the assets of this business."

"The acquisition of IP's kraft papers business is an important first step for our company, Stone Arcade," said Roger Stone, chairman and CEO of Stone Arcade. "It provides us with a very solid platform from which we hope to expand. We look forward to working with the current management group to develop internal growth opportunities while we simultaneously explore strategic acquisitions."

Matt Kaplan, Stone Arcade president and chief operating officer, added, "We are very excited regarding the acquisition of IP's kraft paper business. Over the past several weeks, we have had the opportunity to visit the operations and meet many of its employees. Needless to say, we have been very impressed."

International Paper's kraft papers business produces approximately 400,000 tons of kraft papers, used in a variety of end-use products including approximately 9 million Ride Rite(R) dunnage bags. The business employs approximately 700 people. International Paper accounted for the results of its kraft papers business as a discontinued operation and wrote down the business' assets in the first quarter of 2006.

Stone Arcade Acquisition Corporation is a publicly traded special purpose acquisition company founded in August 2005. Stone Arcade was formed for the purpose of identifying and effecting an asset acquisition or business combination with an unidentified business in the paper, packaging, forest products, and related industries.

Headquartered in the United States, International Paper has been a leader in the forest products industry for more than 100 years. The company is currently transforming its operations to focus on its global uncoated papers and packaging businesses, which operate and serve customers in the U.S., Europe, South America and Asia. These businesses are complemented by an extensive North American merchant distribution system. International Paper is committed to environmental, economic and social sustainability, and has a long-standing policy of using no wood from endangered forests. To learn more, visit www.internationalpaper.com

This press release may contain forward-looking statements. These statements reflect management's current views and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. Factors which could cause actual results to differ relate to: (i) the ability of the parties to successfully consummate the transactions contemplated by the sale agreements without a purchase price adjustment; (ii) the successful fulfillment (or waiver) of all conditions set forth in the sale agreements; (iii) the successful closing of the transactions within the estimated timeframes; and (iv) with the respect to the Company's transformation plan, the ability of the Company to successfully negotiate satisfactory sale terms for assets that are contemplated for sale but are not currently under contract. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Other factors that could cause or contribute to actual results differing materially from such forward looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings.

SOURCE International Paper; Stone Arcade Acquisition Corporation

International Paper Relocates Global Headquarters to Memphis, Tenn.

MEMPHIS, Tenn., June 30 /PRNewswire-FirstCall/ -- International Paper (NYSE: IP) today announced it has relocated its global headquarters to Memphis, Tenn., from Stamford, Conn., effective July 1. The company first announced plans to relocate in August 2005.

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International Paper's global headquarters are located at International Place, 6400 Poplar Ave., Memphis, Tenn., 38197. The company employs approximately 3,000 people in Memphis.

Headquartered in the United States, International Paper has been a leader in the forest products industry for more than 100 years. The company is currently transforming its operations to focus on its global uncoated papers and packaging businesses, which operate and serve customers in the U.S., Europe, South America and Asia. These businesses are complemented by an extensive North American merchant distribution system. International Paper is committed to environmental, economic and social sustainability, and has a long-standing policy of using no wood from endangered forests. To learn more, visit http://www.internationalpaper.com

Cascades suspends production at its FjordCell pulp mill

Kingsey Falls, Québec, June 29, 2006 – Cascades Inc., (CAS- TSX) announced today that it will cease operations at its FjordCell pulp mill for an indefinite period of time. The mill, which specializes in the production of bleached softwood Kraft pulp, is located in Jonquière (Quebec). This closure is scheduled to occur during the week of July 3^rd once supplies of raw material and chemicals have been depleted. The closure will affect approximately 70 employees.

The mill produces annually 82,000 tons of Kraft pulp and sells all of its production to other Cascades facilities, namely, Cascades Boxboard Group – Jonquière and the Rolland Division of the Cascades Fine Papers Group. During this closure, other suppliers will service these facilities.

Despite sustained efforts by employees and the mill’s management, Cascades FjordCell continues to suffer considerable monthly financial losses. The business environment which has been marked by a strong appreciation of the Canadian dollar compared to the US dollar as well as high wood and energy costs dictates this course of action.

Messrs. Éric Laflamme and Alain Dubuc, respectively President and Chief Operating Officer, North America and Vice-President, Operations for the Cascades Boxboard Group, met this afternoon with the union representatives and employees of Cascades FjordCell to announce the decision. Discussions will be held in the near future regarding transition measures to be implemented to alleviate the impact of this decision on employees.

“Notwithstanding the excellent cooperation of our employees and a recent increase in sales prices, we have been unable to make this mill profitable leaving us no other choice but to suspend operations. We sincerely regret the impact that this decision will have on our employees and we are committed to re-evaluating the situation should conditions affecting operating costs and the exchange rate improve,” stated Mr. Éric Laflamme.


Founded in 1964, Cascades produces, transforms and markets packaging products, tissue paper and fine papers, composed mainly of recycled fibres. Cascades employs nearly 14,300 men and women who work in some 120 modern and flexible production units located in North America, in Europe and in Asia. Cascades' management philosophy, its more than 40 years of experience in recycling, and its continued efforts in research and development are strengths which enable the company to create new products for its customers and thus offer superior performance to its shareholders. Cascades shares trade on the Toronto stock exchange under the ticker symbol CAS.

Certain statements in this release, including statements regarding future results and performance, are forward-looking statements (as such term is defined under the Private Securities Litigation Reform Act of 1995) based on current expectations. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, decreases in demand for the Company’s products, increases in raw material costs, fluctuations in selling prices and certain currencies , as well as adverse changes in general market and industry conditions and other factors listed in the Company’s Securities and Exchange Commission filings, including but not limited to the offering memorandum dated January 31, 2003.