EX-99.1
3
a07-6965_1ex99d1.htm
PRESS RELEASE
EXHIBIT 99.1
Contact: Neenah Paper, Inc.
Bill
McCarthy
Vice
President - Financial Analysis and Investor Relations
678-518-3278
Neenah Paper Completes Purchase of Fox River Paper
ALPHARETTA,
GEORGIA - March 1, 2007 (NYSE:NP) - Neenah Paper, Inc. today announced that it
completed the previously announced purchase of Fox Valley Corporation, which
owns Fox River Paper Company, LLC ("Fox River"). Fox River is a leading U.S.
producer of premium fine papers with well-known brands including STARWHITE®
, SUNDANCE
®
, ESSE
®
and OXFORD
®
.
The company
has manufacturing plants in California,
Massachusetts, Ohio and Wisconsin and will become part of Neenah Paper's
existing fine paper business.
"This acquisition
allows us to strengthen our Fine Paper business by providing added scale and
the ability to offer a broader array of premium branded products and better
service to our customers. In addition, we expect to realize important economic
benefits as we integrate the two businesses", said Sean Erwin, Chief Executive
Officer and Chairman of the Board. "Coupled with our purchase last October of
the German technical products business, this acquisition is a wonderful fit
with our strategy to transform into a leading premium fine paper and technical
products company and to grow profitably to create value for our customers and
stakeholders".
Additional details
of the transaction will be discussed during the previously announced Fourth
Quarter Earnings Call to be held at 11:00 a.m. Eastern time on March 8 and can
also be found in the company's 8-K filings.
About Neenah Paper, Inc.
Neenah Paper
manufactures and distributes a wide range of premium and specialty paper
grades, with well-known brands such as CLASSIC®, ENVIRONMENT®, STARWHITE®
, ESSE
®
, KIMDURA® and MUNISING LP®, Gessner® and
varitess®. The company also produces and sells bleached pulp, primarily for use
in the manufacture of tissue and writing papers. Neenah Paper is based in
Alpharetta, Georgia, and has paper manufacturing operations in the United
States and Germany,
and a pulp mill
and related timberlands in Nova Scotia, Canada. Additional information about
Neenah Paper can be found at the company's web site at www.neenah.com.
Cautionary Note Regarding
Forward-Looking Statements
Certain statements in this press release may
constitute "forward-looking" statements as defined in Section 27A of the
Securities Act of 1933 (the "Securities Act"), Section 21E of the Securities
Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation
Reform Act of 1995 (the "PSLRA"), or in releases made by the Securities and
Exchange Commission, all as may be amended from time to time. Statements
contained in this press release that are not historical facts may be
forward-looking statements within the meaning of the PSLRA. Any such
forward-looking statements reflect our beliefs and assumptions and are based on
information currently available to us and are subject to risks and
uncertainties that could cause actual results to differ materially including,
but not limited to, changes in U.S./Canadian dollar, U.S./Euro and other
currency exchange rates, changes in pulp prices, the cost or availability of
raw materials, unanticipated expenditures related to the cost of compliance
with environmental and other governmental regulations, the ability of the
company to realize anticipated cost savings, and the successful integrations of
the former Fox River business and Neenah Germany operations. Forward-looking
statements are only predictions and involve known and unknown risks,
uncertainties and other factors that may cause our actual results, performance
or achievements, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information, future
events or otherwise. These cautionary
statements are being made pursuant to the Securities Act, the Exchange Act and
the PSLRA with the intention of obtaining the benefits of the "safe harbor"
provisions of such laws. Neenah Paper, Inc. cautions investors that any
forward-looking statements we make are not guarantees or indicative of future
performance.
Exhibit2.1

EX - 99 . 1 3 a07 - 6965 _ 1ex99d1 . htm PRESS RELEASE EXHIBIT 99 . 1 Contact : Neenah Paper , Inc . Bill McCarthy Vice President - Financial Analysis and Investor Relations 678 - 518 - 3278 Neenah Paper Completes Purchase of Fox River Paper ALPHARETTA , GEORGIA - March 1 , 2007 ( NYSE : NP ) - Neenah Paper , Inc . today announced that it completed the previously announced purchase of Fox Valley Corporation , which owns Fox River Paper Company , LLC ( " Fox River " ) . Fox River is a leading U . S . producer of premium fine papers with well - known brands including STARWHITE ® , SUNDANCE ® , ESSE ® and OXFORD ® . The company has manufacturing plants in California , Massachusetts , Ohio and Wisconsin and will become part of Neenah Paper 's existing fine paper business . " This acquisition allows us to strengthen our Fine Paper business by providing added scale and the ability to offer a broader array of premium branded products and better service to our customers . In addition , we expect to realize important economic benefits as we integrate the two businesses " , said Sean Erwin , Chief Executive Officer and Chairman of the Board . " Coupled with our purchase last October of the German technical products business , this acquisition is a wonderful fit with our strategy to transform into a leading premium fine paper and technical products company and to grow profitably to create value for our customers and stakeholders " . Additional details of the transaction will be discussed during the previously announced Fourth Quarter Earnings Call to be held at 11 : 00 a.m. Eastern time on March 8 and can also be found in the company 's 8 - K filings . About Neenah Paper , Inc . Neenah Paper manufactures and distributes a wide range of premium and specialty paper grades , with well - known brands such as CLASSIC ® , ENVIRONMENT ® , STARWHITE ® , ESSE ® , KIMDURA ® and MUNISING LP ® , Gessner ® and varitess ® . The company also produces and sells bleached pulp , primarily for use in the manufacture of tissue and writing papers . Neenah Paper is based in Alpharetta , Georgia , and has paper manufacturing operations in the United States and Germany , and a pulp mill and related timberlands in Nova Scotia , Canada . Additional information about Neenah Paper can be found at the company 's web site at www.neenah.com . Cautionary Note Regarding Forward - Looking Statements Certain statements in this press release may constitute " forward - looking " statements as defined in Section 27A of the Securities Act of 1933 ( the " Securities Act " ) , Section 21E of the Securities Exchange Act of 1934 ( the " Exchange Act " ) , the Private Securities Litigation Reform Act of 1995 ( the " PSLRA " ) , or in releases made by the Securities and Exchange Commission , all as may be amended from time to time . Statements contained in this press release that are not historical facts may be forward - looking statements within the meaning of the PSLRA . Any such forward - looking statements reflect our beliefs and assumptions and are based on information currently available to us and are subject to risks and uncertainties that could cause actual results to differ materially including , but not limited to , changes in U . S . / Canadian dollar , U . S . / Euro and other currency exchange rates , changes in pulp prices , the cost or availability of raw materials , unanticipated expenditures related to the cost of compliance with environmental and other governmental regulations , the ability of the company to realize anticipated cost savings , and the successful integrations of the former Fox River business and Neenah Germany operations . Forward - looking statements are only predictions and involve known and unknown risks , uncertainties and other factors that may cause our actual results , performance or achievements , or industry results , to be materially different from any future results , performance or achievements expressed or implied by such forward - looking statements . We undertake no obligation to publicly update any forward - looking statements , whether as a result of new information , future events or otherwise . These cautionary statements are being made pursuant to the Securities Act , the Exchange Act and the PSLRA with the intention of obtaining the benefits of the " safe harbor " provisions of such laws . Neenah Paper , Inc . cautions investors that any forward - looking statements we make are not guarantees or indicative of future performance . Exhibit2 . 1