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Balance Sheet Cash Flow Statement 6775 Lenox Center Ct., Ste. 400 Memphis, TN 38115-4431 TN Tel. 901-369-4100 Toll Free 877-837-7606 |
Type: Public
On the web:
http://www.versopaper.com
Employees:
2,900
Employee growth: 0.0%
Verso Paper is behind the recipes in Southern Living, the gossip in People, and the stats in Sports Illustrated. The company produces coated and supercalendered paper and pulp for some 100 clients, including publishers (like Time, producer of the above-mentioned magazines), commercial printers, specialty retail merchandisers, and paper merchants throughout North America. Its products are used for media and marketing purposes from magazines to catalogs, brochures, annual reports, and direct-mail advertising. The company operates 11 paper machines at four mills located in Maine, Michigan, and Minnesota. The company went public in mid-2008. Previous sole shareholder Apollo Advisors still controls 73% Verso Paper.
Key numbers for fiscal year ending December, 2008:
Sales: $1,766.8M
One year growth: 8.5%
Net income: ($62.8)M
Officers:
President, CEO, and Director: Michael A. (Mike) Jackson
SVP and CFO: Robert P. Mundy
VP and CIO: Benjamin Hinchman IV
Competitors:
AbitibiBowater
NewPage
UPM-Kymmene
