International Paper Sells Its Lancey Paper Mill; Will Close Two Container Plants.

Business Wire | October 2, 1997 | Copyright

PURCHASE, N.Y.--(BUSINESS WIRE)--Oct. 2, 1997--International Paper said today that its Aussedat Rey group has sold its subsidiary, Papeteries de Lancey, to Lancey Investissements, a management group headed by Jean-Luc Dominici. Since 1995, Dominici has been the chief executive officer of Papeteries de Lancey. Financial terms of the transaction were not disclosed. Papeteries de Lancey is based in Brignoud, France, and annually produces 100,000 tons of coated ground wood paper for the European magazine industry.

The company also announced that it will ...

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