Packaging

Appleton Completes Sale of BemroseBooth

Tuesday 05. August 2008 - ppleton announced today that it has simultaneously entered into a definitive agreement to sell and completed the sale of Bemrose Group Limited to an acquisition affiliate of American Industrial Acquisition Corporation, a U.S.-based private equity firm. Terms of the sale were not disclosed.

BemroseBooth was a wholly-owned subsidiary that Appleton acquired in December 2003. In January, Appleton’s chief executive officer, Mark Richards, announced that Appleton intends to focus on its core businesses and would explore the sale of BemroseBooth because it no longer complements Appleton’s long-term strategic direction.