Verso Corporation
| Verso Corporation | |
|---|---|
| legal form | Corporation |
| ISIN | US92531L2079 |
| founding | 2006 |
| Seat |
Miamisburg , Ohio , United States
|
| management | Leslie T. Lederer ( interim - CEO ) |
| Number of employees | 3725 |
| sales | 2.7 billion US dollars |
| Branch | paper |
| Website | www.versoco.com |
| As of December 31, 2018 | |
The Verso Corporation is an American paper manufacturer . The company primarily manufactures graphic papers and has six manufacturing facilities in the United States.
history
Verso was formed in 2006 after Apollo Global Management , the International Paper sub-class for coated papers had taken over for 1.4 billion dollars. Apollo brought the now independent paper producer to the stock exchange in 2008 through an IPO . The sharp drop in demand for catalog and magazine paper put the heavily indebted company in financial difficulties and turned the stock into a penny stock . At the beginning of 2015, the paper manufacturer NewPage was taken over. In January 2016, Verso filed for Chapter 11 bankruptcy . The insolvency proceedings were ended in June 2016 after restructuring.
Production sites
The company's six paper mills are located in:
Individual evidence
- ↑ Verso: Executive Officers , accessed September 11, 2019
- ↑ Verso: Verso at a glance , accessed September 11, 2019
- ↑ Verso: Verso Corporation Reports Fourth Quarter and Full Year 2018 Financial Results , accessed September 11, 2019
- ↑ Reuters: UPDATE 1-Verso Paper files 18.8-mln-share IPO at $ 16- $ 18 / shr , accessed on September 11, 2019
- ↑ Financial Times: Verso's demise shines spotlight on distressed debt gambits , accessed September 11, 2019
- ↑ Reuters: US paper firm Verso files for bankruptcy to cut debt , accessed September 11, 2019
- ↑ Verso: Verso Successfully Emerges from Bankruptcy , accessed September 11, 2019
- ↑ Verso: Mill Locations , accessed September 11, 2019