- Associated Press - Wednesday, April 1, 2015

RICHMOND, Va. (AP) - Packaging company MeadWestvaco Corp. is buying a high-end printing paper business from competitor International Paper Co.

The Richmond-based company said Tuesday it had entered into an agreement to acquire a specialty paper business from Memphis, Tennessee-based International Paper.

Terms of the deal expected to close by the end of April were not disclosed.

The Richmond Times-Dispatch reports (https://bit.ly/1yzr744) that the deal includes a customer list and a line of paper used in products such as annual reports, greeting cards, book covers, retail signs and brochures.

Officials say the acquisition does not include any factories.

MeadWestvaco announced plans in January to merge with Georgia-based Rock-Tenn Co. The merger is expected to close in the second quarter. It would create one of the world’s largest paper and packaging companies.

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Information from: Richmond Times-Dispatch, https://www.timesdispatch.com

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