Blandin/UPM-Kymmene deal finalized

Archive 31.10.1997 0:00 EET

The acquisition of the American Blandin Paper Company by the UPM-Kymmene Corporation of Finland from Fletcher Challenge Canada Limited has been completed. The acquisition was announced in September.
Kevin Lyden will be appointed to the President & CEO of Blandin Paper Company. He is currently the Chief Executive of Shotton Paper Company plc, which is the largest Newsprint manufacturer in the United Kingdom. Shotton Paper is part of the Newsprint Division of the UPM-Kymmene Corporation.
Prior to being one of the founder Directors of Shotton Paper, Kevin Lyden was Finance Director of Bowater's Paper Operations. He has worked in the paper industry for over 22 years, is currently the President of the Paper Federation of Great Britain, and a member of the Board of Confederation of European Paper Industries (C.E.P.I). He has previous experience working in both the United States & Canada.
The following persons have been appointed to the Blandin Management Group:
Cary Young, Vice President, Marketing
Peter P. McDermott II, Senior Vice President, Finance & Strategic Development
John D. Ward Jr., Senior Vice President, Technology & Environment
Edward M. Zabinski, Vice President, Human Resources
In addition Raimo Malkki will be appointed member of the Management Group as Senior Vice President, Operations.