Appleton Selling Some Packaging Operations

Company said sale of some packaging operations for $58 million will allow Appleton to focus on its core business -- specialty paper and microencapsulation.

APPLETON, Wis. (AP) -- The company Appleton is selling some of its packaging operations to a new company for $58 million.

The operations include subsidiaries American Plastics Company in Rhinelander and New England Extrusion, which has facilities in Milton and Turners Falls, Mass.

Appleton CEO Mark Richards says the sale to Nex Performance Films will allow the company to focus on its core business -- specialty paper and microencapsulation.

The Post-Crescent says Nex is owned by Mason Wells, a private equity firm in Milwaukee.

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