Smurfit-Stone Files for Reorganization in U.S. and Canada

“This combination of a modern, cost-effective operating platform and a reorganized capital structure through Chapter 11 will represent a new beginning for Smurfit-Stone. I am confident that we will emerge a much stronger company structured for future growth and greater profitability.”

All operations outside of the U.S. and Canada are excluded from this process and none of Smurfit-Stone’s subsidiaries or operations outside of the U.S. and Canada commenced Chapter 11, CCAA or similar proceedings.