Verso Corporation is an American pulp and paper company that manufactures a variety of paper products for the printing, publishing, and commercial markets. The company is publicly traded on the New York Stock Exchange under the ticker symbol VRS.
Headquarters
- Miamisburg, Ohio, United States
Key Historical Developments
| Year | Event |
|---|---|
| 2006 | Verso was created when International Paper spun off its coated paper businesses into a separate publicly traded entity. |
| 2015 | Verso completed the acquisition of NewPage Corporation, expanding its product portfolio and manufacturing footprint. |
| 2016 | The company filed for Chapter 11 bankruptcy protection amid weakened demand and high debt levels. |
| 2017 | Emerging from bankruptcy, Verso reorganized its operations and reduced its debt load. |
| 2020‑2022 | Verso announced strategic initiatives to streamline its asset base, including the sale of certain non‑core facilities. |
Business Operations
- Product Lines: Coated and uncoated printing paper, specialty papers, and other fiber‑based products used in publishing, commercial printing, and packaging.
- Manufacturing Facilities: Operates multiple paper mills located primarily in the United States, with additional facilities previously owned in Europe (many of which have been divested).
- Market Position: Recognized as one of the largest producers of coated and uncoated paper in North America.
Financial Overview (as of the most recent publicly available filings)
- Revenue: Reported annual revenues in the range of several hundred million U.S. dollars.
- Ownership: Shares are held by a mix of institutional investors, mutual funds, and individual shareholders.
Corporate Governance
- Verso’s board of directors and executive leadership team oversee strategic direction, risk management, and compliance with applicable regulations. The company adheres to reporting standards set by the U.S. Securities and Exchange Commission (SEC).
Environmental and Sustainability Initiatives
- The corporation reports on sustainability metrics, including forest stewardship, water usage, and greenhouse‑gas emissions, in accordance with industry guidelines and stakeholder expectations.
References
- Verso Corporation Form 10‑K filings (SEC).
- Company press releases archived on the Verso corporate website.
- Industry analyses from reputable market research firms covering the pulp and paper sector.
