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But What Happens To The Scranton Office?

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SMART Papers, a maker of coated and uncoated paper for writing, commercial printing, graphic arts and packaging, has emerged from Chapter 11 bankruptcy protection with new ownership, officials said Wednesday.
Plainfield Asset Management of Greenwich, Conn., which obtained 92.5 percent of the company's shares when it assumed about $40 million of SMART's debt in August, has invested another $500,000 to increase production in Hamilton, Chief Executive Tim Needham said.
"SMART Papers has a rich history and well-established brands that bring unique value and benefit to the North American printing industry and their customers," said Eric Reehl, managing director at Plainfield Asset Management and board member of the new SMART Papers.

SMART Papers acquired by Connecticut hedge fund [Associated Press via Akron Beacon Journal]



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