Durango Mckinley Paper Company signed an agreement to acquire Nippon Paper Industries USA Co., Ltd. from Nippon Paper Industries Co., Ltd. (TSE:3863) on March 1, 2017. Durango Mckinley will pay $1 to Nippon Paper as a consideration. Durango Mckinley Paper Company will acquire Port Angeles Washington paper mill and cogeneration assets of Nippon Paper Industries USA Co., Ltd. in the deal. Nippon Paper Industries USA Co., Ltd. Ltd had total assets of $158 million, net assets of $106 million, sales of $51 million and operating loss of $26 million for the year ended December 31, 2016. The deal is expected to close on March 31, 2017. There is no material change on its consolidated financial earnings forecast for the full year of financial year 2016. Emilio J. Alvarez-Farre, Juan Delgado, Kerri L. Barsh, Joseph Z. Fleming, Michael R. Einig, Harry J. Friedman, Manuel R. Valcarcel, Debra McGuire Mercer, Justin J. Mayor, John V. Chibbaro, Sandy Chiu, Brandon B. Eckford, Adam S. Fischer, Stephen V. Pelliccia and Clerk Alexandra G. Rothman of Greenberg Traurig, LLP acted as legal advisor to Durango Mckinley Paper Company.