Verso to explore sale of some paper mills

MIAMISBURG, Ohio — Verso Corp. announced a committee has been formed to explore the potential sale of some of its mills, along with other possible transactions.

The committee, with assistance from financial adviser Houlihan Lokey Capital Inc., is charged with leading Verso’s continuing efforts to identify and evaluate a range of potential strategic transaction alternatives. There will be no further disclosure until a definitive agreement is reached or a determination is made that none will be pursued, the company said.

Verso operates seven manufacturing facilities, including pulp and paper mills in Quinnesec and Escanaba.