Pixelle Specialty Solutions completed the acquisition of Androscoggin and Stevens Point Mills from Verso.

Pixelle Specialty Solutions, a manufacturer of specialty papers, completed its acquisition of Androscoggin and Stevens Point Mills from Verso, a producer of coated papers. Financial terms were not disclosed. "We are pleased to have completed the sale of our Androscoggin and Stevens Point mills to Pixelle. After the transaction, we will continue to be a debt-free company with significant manufacturing and financial flexibility, well positioned to enhance our competitive market position, effectively respond to industry trends and take advantage of low-risk, high-return opportunities that should create long-term value for all of our stakeholders," Adam St. John, Verso CEO.