THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Thursday, March 30, 1995 TAG: 9503300414
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
TYPE: Digest
LENGTH: Short : 22 lines
James River Corp. said it plans to spin off its communications papers business to shareholders as part of its strategy to reduce debt and focus on its consumer products business. The move would create a company with more than $1 billion in annual sales that makes paper for publishing, business, advertising and corporate communications uses, as well as specialty packaging products. In September, the Richmond-based maker of Dixie Cups and Brawny paper towels said it was considering options for its communications papers and its packaging units. (Bloomberg) by CNB