ALPHARETTA, Ga. (AP) — Specialty papers maker Schweitzer-Mauduit International plans to close its paper mill in Lee, Ga., next year — a move that will put nearly 170 people out of work.
The move is part of a restructuring plan aimed at reducing the company's worldwide employment by approximately 8 percent. Schweitzer-Maudit also plans to shutdown a paper production machine in France and reduce employment levels in Brazil.
The facility — which consists of three mills in Lee and one in neighboring Lenox — manufactures cigarette paper, candy wrappers and other specialty paper.
Schweitzer-Mauduit says the restructuring — expected to be completed in 2008 — would result in pretax expenses of between $27 and $30 million.