Neenah Inks Pact to Obtain Fox River
ALPHARETTA, GA—Neenah Paper has signed a definitive agreement to purchase Fox Valley, which owns Fox River Paper. Terms of the deal, which is expected to close in the first quarter, were not revealed.
The deal is subject to customary closing conditions and is pending approval by Fox River shareholders. Neenah will finance the transaction through existing credit facilities and operating cash flows.
Neenah Paper will bolster its fine papers offering with Fox River brands that include Starwhite, Sundance, Esse and Oxford.