The memo also stated that the company’s corporate headquarters is being moved from Canton to Memphis, Tenn. It seems as though Evergreen has already set up shop in Memphis — they list their new address on Poplar Avenue in the memo, along with a new Memphis phone number.
Former Blue Ridge Paper CEO Rich Lozyniak declined to relocate to the new headquarters and resigned from the company. His final day was last week.
A new management team has already been put in place at Evergreen Packaging Group, though it includes only two members of upper management from former Blue Ridge Paper Products — Phillip Bowen, vice president of sales and marketing, and Terry Huskey, vice president of paper sales. There is no indication what the new ownership means for rank-and-file jobs at the mill.
Blue Ridge Paper Products posted a $7.6 million loss for the financial quarter ending June 30, according to information from the Securities and Exchange Commission.
Blue Ridge (now Evergreen) employees are set to receive a payout from the Employee Stock Ownership Plan, which they agreed to in exchange for the sale of their shares of the company. The average payout is estimated at around $20,000 per employee, and will be doled out around Oct. 12.
The company employs nearly 1,100 workers at its two plants in Canton and Waynesville.