What is Versos?
Versos provides a wide range of information security solutions, security consulting service, and infrastructure solutions and services supported by strong partnerships and alliances with world-class leading solution providers in-order to deliver quality services to its clients.
What does Verso Corporation do?
Verso Corporation ( NYSE : VRS) is a North American producer of coated papers including coated groundwood, coated freesheet, supercalendered and specialty products. The company restructured in 2016 following Chapter 11 bankruptcy.
Is verso going out of business?
The company restructured in 2016 following Chapter 11 bankruptcy. Verso operates two paper mills in the U.S. Swedish BillerudKorsnäs initiated an aquisition of Verso in 2021 that is expected to be completed in 2022.
When did Verso become a company?
The company was formed in August 2006 when Apollo Global Management purchased the coated and supercalendered paper business from International Paper. In April 2008, Verso conducted an initial public offering and was listed on the New York Stock Exchange. In January 2015, Verso completed its acquisition of NewPage Holdings.
When did Verso acquire Newpage?
In January 2015, Verso completed its acquisition of NewPage Holdings. In 2008, Verso received the Environmental and Energy Achievement Award from the American Forest and Paper Association for its work with the Bucksport Environmental Innovation Partnership.
Why is Verso closing its mills?
The closure was due to the decline in demand for graphic paper and reduced use of print advertising in various industries during the coronavirus pandemic.
Is Verso still in Duluth?
In January 2021, Verso announced that it no longer planned on restarting its paper mill in Duluth, citing a decrease in demand as a result of the Covid-19 pandemic. In April 2021, Verso reached a settlement over lawsuits regarding pollution in the Potomac River from the defunct Luke Paper Mill.
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