Moore Sells Coating Operations

Staff -- graphic arts online, 12/1/2000

DAYTON, OHIO-Mead Corporation agreed to acquire the carbonless coating operations of Moore North America, Inc., a subsidiary of Moore Corporation Limited, Toronto, a provider of printing, marketing, and digital communication services with annual sales of $2.4 billion.

The transaction will include Moore's Fremont, Ohio coating facility and coating equipment from its Visalia, Calif. facility.

The companies also announced their intention to enter into a multi-year supply agreement in which Mead, a forest products company with $3.8 billion in annual sales, will be Moore's exclusive supplier of carbonless copy paper in the U.S. and Canada. Moore will continue to convert, manufacture, and sell carbonless business forms and other multiple-part printed products.

When the acquisition of assets is complete, Mead's annual production capacity for carbonless copy paper will increase from 230,000 tons to more than 290,000 tons.