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MeadWestvaco sells mill and assets
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Industrial economics - Packaging - Paperboard containers - Sales - Strategic planning - Wood;
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MeadWestvaco Corp. is expected to sell its Stevenson, Ala., corrugating mill and related assets to Smurfit-Stone Container Corp. for approximately $375 million. The Stevenson mill is part of MeadWestvaco's Containerboard Division, headquartered in Atlanta. MeadWestvaco Corp. plans to use proceeds from the sale to pay down debt.
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