Brett and his team served as exclusive financial advisors to Verso Corporation on the sale of its Duluth, MN, paper mill to ST Paper & Tissue. 

Verso Corporation is a leading producer of graphic, specialty and packaging paper, and market pulp, with a long-standing reputation for quality and reliability. Verso’s graphic paper products are designed primarily for commercial printing, advertising, and marketing applications, including direct mail, catalogs, corporate collateral, books, and magazines. Verso’s specialty paper products include release liner papers and label face stock for pressure sensitive, glue-applied, and laminate applications.

ST Paper & Tissue is a leading manufacturer of tissue, napkin, and paper towels for the away-from-home market. Currently operating two tissue mills located in Oconto Falls, WI, and Isle of Wight, VA, the company is a quality source for away-from-home tissue products, offering exceptional customer service and an unparalleled commitment to sustainability and surrounding communities. ST Paper & Tissue will convert Verso’s idled mill to produce tissue rather than the supercalendered papers produced by Verso, furthering the expansion of the company’s tissue-manufacturing business.

Note: This work was performed prior to joining Stout.