The company is formerly known as Verso Paper Corporation and was incorporated in June 2006. Operating as a holding company, Verso Corporation operates several subsidiaries that continue to market and distribute the products of the company. Its corporate office is located in Memphis, Tennessee and it maintains mills in Maine and Michigan. As a specialty paper manufacturer, the business provides its products and services to a wide range of industries and with a strong focus on the publishing market.
There are three segments operating within the business, namely coated papers, hardwood market pulp and others. The coated papers division of the company is engaged in manufacturing coated groundwood and coated freesheets. Its hardwood market pulp produces and markets Northern Bleached Hardwood Kraft (NBHK) pulp. This product is created through a chemical kraft process using hardwoods. The other segment provides specialty papers that used in annual reports, tissue products, advertising brochures and direct mail advertising, among others. These paper products are differentiated from one another through their print quality, weight, brightness, strength and opacity.
There are five paper machines that are stationed in the two paper mills that are operated by the company. These machines continue to process raw materials to create paper products that are then marketed across North America. As one of the leading names in the industry in North America, Verso Corporation competes against the offerings of Sappi Limited, Resolute Forest Products, NewPage and UPM-Kymmene Corporation.