Stuart B. Millner & Associates, a company that specializes in
the liquidation and auction of surplus assets, said that it has been hired by
Neenah Paper Inc. of Alpharetta, Ga., to manage the closure of its Fox River
Paper mill in Urbana, Ohio.
The 360,000 plus-sq. ft. plant deactivation process includes machinery,
equipment and real estate. The mill houses two complete 80-inch wide Fourdrinier-type
paper machines that have a combined production capacity of 130 tpd at an
operating speed of 1,200 FPM. The mill also has sheeters, embossers, guillotine
trimmers and other ancillary equipment associated with the papermaking process.
Everything must go, according to the company. All equipment liquidated is
estimated for completion by the fourth quarter of 2008.
Neenah Paper Inc.
www.neenahpaper.com purchased the Fox River Paper company in 2007 and shut
the Urbana mill down after completing an analysis of how best to optimize its
combined manufacturing footprint. Products produced at the Urbana mill have been
shifted to other fine paper manufacturing facilities to utilize existing
available capacity at the Neenah's other mills.
For a detailed list of mill assets, visit
www.sbmac.com/Auctions.aspx.