Mead Corp. Sells Its Release Products Unit

From Associated Press

The Mead Corp. announced today it has reached an agreement to sell its wholly owned subsidiary, Mead Release Products Inc., to Rexham Industries Inc. for $38 million in cash.

Rexham, a wholly owned subsidiary of Bowater Industries PLC, is a manufacturer of technical coating and laminates for non-packaging industrial applications, specialized paperboard and flexible packaging materials.

Mead Release Products manufactures silicone-coated release liners of paper and film substrates for tape and label, automotive, aerospace, medical, consumer and other applications.

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