West Linn Paper Ceasing Operations, Winding up Business

West Linn Paper Co., West Linn, Ore., USA, this week announced that it is ceasing operations and will commence a winding up of its business supervised by its second lien lender.

 

"We are deeply disappointed to end the mill’s 128 year history, the last twenty of which resulted from a major restructuring and restart when our current ownership took control of West Linn Paper Co. The commitment and support that we received from our employees, our lenders, and our owners as we sought to adapt to structural changes in our markets has been remarkable. However, several unforeseeable events have led to a significant reduction in available pulp, making continued operations impossible. As a result we will wind up our operations as quickly and efficiently as possible, beginning immediately," said Brian Konen, COO for West Linn Paper Co.

 

Company officials said that orders for stock product will continue to be accepted. Orders that have been produced but not yet shipped will be shipped. Manufacturing orders that have been accepted, but not yet produced, will be reviewed and customers will be contacted shortly with confirmations as to whether those orders will be produced. The company will not be accepting new manufacturing orders going forward. 

For more information, contact Brian Konen, COO, or Robert Glatz, CFO, at (503) 557-6639