Verso Paper Corp. (NYSE:VRS) today announced that PalletOne of Maine has been selected to receive a Verso Forest Certification Grant. The grant will enable PalletOne to seek independent Forest Stewardship Council™ (FSC
) Chain of Custody (COC) certification for its pallet mill operation in Livermore Falls, Maine.
PalletOne already purchases a portion of its wood supply from FSC-certified forests in New England and sells residual wood chips to Verso’s paper mill in nearby Jay, Maine. Achieving COC certification will allow PalletOne to increase the amount of FSC-certified material available to Verso and ultimately to Verso’s paper customers who prefer FSC-certified products. In addition to the grant, Verso will provide technical expertise to assist in the certification process.
“Verso has a long history of promoting sustainability by supporting a variety of certification initiatives within our wood supply chain,” said Verso Fiber Supply Manager Jim Contino. “We launched the Verso Forest Certification Grant program last year to increase certified fiber available to our mills, and the PalletOne project is well suited to our criteria. PalletOne is a trusted and long-term chip supplier to Verso’s Androscoggin Mill and we are pleased to award this grant as part of our ongoing effort to increase the availability of certified fiber in the marketplace.”
“We could not complete this certification without Verso’s funding and technical expertise,” said PalletOne Vice President Donnie Isaacson. “We are pleased to preserve FSC credits through our sawmill that create value for Verso’s paper customers while developing COC certification within our organization.”
Anyone interested in learning more about the Verso Forest Certification Grant Program or in obtaining a grant application may contact:
Based in Memphis, Tennessee, Verso Paper Corp. is a leading North American producer of coated papers, including coated groundwood and coated freesheet, and specialty products. Verso’s paper products are used primarily in media and marketing applications, including magazines, catalogs and commercial printing applications such as high-end advertising brochures, annual reports and direct-mail advertising. Additional information about Verso is available on the company's website at
In this press release, all statements that are not purely historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “project,” “plan,” “estimate,” “intend” and similar expressions. Forward-looking statements are based on currently available business, economic, financial and other information and reflect management’s current beliefs, expectations and views with respect to future developments and their potential effects on Verso. Actual results could vary materially depending on risks and uncertainties that may affect Verso and its business. For a discussion of such risks and uncertainties, please refer to Verso’s filings with the Securities and Exchange Commission. Verso assumes no obligation to update any forward-looking statement made in this press release to reflect subsequent events or circumstances or actual outcomes.