Packaging Dynamics Agrees to Sell Thilmany Papers to KPS

摘要

Packaging Dynamics Corp. has signed a definitive agreement to sell its Thilmany Papers business unit to a new company to be formed and controlled by investment funds sponsored by KPS Capital Partners L.P. Terms of the deal were not disclosed. In addition, Wausau Paper previously signed a non-binding Letter of Intent to sell its Specialty Paper business to this new company being formed by KPS.