Apr
30

Meadwestvaco Sells 25,000 Acres In S.C. For $49M

By
– scbiznews.com

MeadWestvaco Corp.’s first-quarter earnings were down compared with last year, as the weak global economy continued to hamper sales for packaged goods, office supplies and specialty chemicals.

But the company’s cash flow from operations more than doubled to $90 million in the first quarter, a boon credited in part to the company’s sale of 25,000 acres of timberland in pockets across Georgetown and Williamsburg counties.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://charlestonbusiness.com/news/27385-meadwestvaco-sells-25-000-acres-in-south-carolina-for-49m

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