RICHMOND, Va., Dec. 30 /PRNewswire/ -- James River Corporation (NYSE: JR)
and M-Pak Ltd., announced that James River will become a licensee of
M-Pak technology and know-how in the United States and Canada. The M-Pak
system, launched in 1992, is a fully collapsible folding carton packaging
system with an easy opening and closing device that is ideal for storing
product that is frequently used.
Timothy H. Bohrer, vice president, technology for James River's Packaging
Business located said: "We are excited to become a licensee of the M-Pak
system and look forward to offering this unique, high performance package to
our customers. This package has enjoyed wide acceptance around the world and
we expect to see similar results in the U.S. and Canada."
Julian Money, chairman of M-Pak Ltd., commented, "We are pleased to
announce the signing of this new licensing agreement with James River
Corporation and look forward to working together with them to penetrate one of
the world's largest markets."
The M-Pak system was designed by Pethick & Money, who provide graphic
services to marketers of luxury goods, including perfumes and liquors, in
England and Europe. Pethick & Money is located in London.
James River Corporation, headquartered in Richmond, Va., is a leading
marketer and manufacturer of consumer products, packaging, and business,
printing and converting papers. In North America, the company markets
diversified brands such as Quilted Northern bathroom tissue, Brawny paper
towels, Dixie paper cups and plates; Pacesetter paperboard, Quilt-Rap sandwich
wrap and Qwik Wave microwave packaging; Eureka! recycled copy paper and Word
Pro copy paper. In addition, the company produces a number of popular
European brands such as Lotus towel and tissue products. James River's
current annual sales rate is approximately $5.5 billion.
Today's news release, along with past releases from James River, is
available by fax, at no charge, by calling PR Newswire's Company On Call at
800-758-5804, ext. 457350. You may access James River's corporate-wide site
at Internet address http://www.jamesrivercorp.com.
SOURCE James River Corporation
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CONTACT: Richard B. Elder (media) of James River, 804-343-4785
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