Neenah Paper Sells Ripon Facility for $9 Million

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Neenah Paper Inc., Alpharetta, Ga., USA, announced that it has sold the land and remaining assets of its closed fine paper mill in Ripon, Calif. to Diamond Pet Food Processors of Ripon LLC for a purchase price of $9 million. The company notes that it will recognize a pre-tax gain on the sale of approximately $3 million in the fourth quarter.

Neenah Paper is a global manufacturer of performance-based papers and specialty products used in a variety of applications, including filtration, printing and writing, and as backing and component materials for various specialized industrial and consumer applications. The company has paper manufacturing operations in the U.S. and Germany