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Verso history
Verso company history timeline
The company was formed in August 2006 when Apollo Global Management purchased the coated and supercalendered paper business from International Paper.
In April 2008, Verso conducted an initial public offering and was listed on the New York Stock Exchange.
In 2008, Verso received the Environmental and Energy Achievement Award from the American Forest and Paper Association for its work with the Bucksport Environmental Innovation Partnership.
In 2010, Verso received the Sustainable Forestry Initiative (SFI) President's Award for its partnership efforts to promote sustainable forest management principles and initiatives in Maine.
In January 2015, Verso completed its acquisition of NewPage Holdings.
In 2015, Verso Paper's Quinnesec Mill was awarded the Michigan Voluntary Protection Program (MVPP) Star award by the Michigan Occupational Safety and Health Administration (MIOSHA) for the fifth time.
Verso Corporation filed for Chapter 11 bankruptcy on January 26, 2016.
In January 2017, B. Christopher DiSantis was appointed as chief executive officer (CEO) and a director of Verso effective as of February 1, 2017.
DiSantis resigned in April 2019 and Leslie Lederer was appointed as interim CEO. At the end of April 2019, Verso gave two months notice of the impending closure of its mill in Luke, Maryland.
On June 9, 2020, Verso announced a plan to idle its US paper mills in Wisconsin Rapids, Wisconsin and Duluth, Minnesota indefinitely by late July 2020.
In January 2021, Verso announced that it no longer planned on restarting its paper mill in Duluth, citing a decrease in demand as a result of the Covid-19 pandemic.
In January 2022, The state of Michigan announced a $244,451 settlement with Verso Corporation over national pollutant discharge elimination system violations at the company’s Escanaba Paper Mill which resulted in fish being killed in the Escanaba River downstream of the mill.
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Verso competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Mwpaper | 2018 | $250.0M | 750 | - |
| Phoenix Paper Wickliffe LLC | 2005 | $160.0M | 350 | - |
| Chillicothe Paper Inc | 1919 | $1.3B | 2,200 | - |
| Fraser Papers | - | $87,000 | 3,750 | - |
| Deluxe Entertainment Services Group Inc. | 1915 | $500.0M | 3,500 | 19 |
| UPM | 1978 | $10.6B | 19,300 | 7 |
| James River Group | 1969 | $138.1M | 23,000 | 25 |
| Sony New Media Solutions | 2009 | $17.0M | 350 | - |
| 4Wall Entertainment | 1999 | $150.0M | 3 | - |
| RPG Squarefoot Solutions | 1991 | $440,000 | 7 | 19 |
Verso history FAQs
Zippia gives an in-depth look into the details of Verso, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Verso. The employee data is based on information from people who have self-reported their past or current employments at Verso. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Verso. The data presented on this page does not represent the view of Verso and its employees or that of Zippia.
Verso may also be known as or be related to Verso, Verso Corp. and Verso Corporation.