Talks Fail – Kimberly Clark Mill to Close Early Next Year

• Kimberly-Clark has been in the process of seeking to secure sale of the Everett Mill and Pulp operations since January 2011. K-C has worked extensively with potential buyer candidates and exclusively with Atlas Holdings, Inc., a company with extensive experience in the pulp and paper industry, for the past several weeks.

• Earlier today, we shared with our employees that Kimberly-Clark and Atlas Holdings have been unable to reach agreement on the proposed sale of the Mill and confirmed that we will continue with preparations underway for scale down and closure of the Everett Mill.

• “We are disappointed that we couldn’t reach a sales agreement with Atlas Holdings”, said Dave Faddis, vice president product supply for Kimberly-Clark. “We have worked diligently for nearly a year to find a buyer for the Everett Mill but, unfortunately, we were unable to do so. Our focus now is on completing the timely and efficient closure of the mill and doing what we can to help our Everett employees with this difficult transition.”

• We anticipate the last day of operations for the Everett Mill will be by the end of March 2012 with significant scale down activities beginning in the next two weeks. Our focus now will be to continue working with Union leadership to assist employees through this transition.

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