DAYTON, OH -- The Mead Corp. and Westvaco Corp. announced a merger agreement that would create a major global supplier of packaging, coated and specialty papers, consumer and office products, and specialty chemicals.
The new company, to be named MeadWestvaco Corp., would have annual sales of $8 billion, the companies said. Completion of the stock transaction is anticipated in the fourth quarter of this year, pending regulatory approvals.