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For the fourth quarter, sales were $600.4 million, up 15 percent in a year-over-year comparison. Profit fell 38 percent to $16.3 million.
Packaging segment sales for the fourth quarter were $251.4 million, up 29 percent year over year. The acquisitions of Tharco and Hexacomb were the main drivers, offset partially by lower sales volumes and net selling prices of linerboard. For the full year 2011, sales were $949.7 million, up 41 percent compared with 2010.
Paper segment sales for fourth quarter 2011 were $359.7 million, an increase 2 percent compared with fourth quarter 2010, driven by higher sales volumes of uncoated freesheet. For the full year, sales increased 1.5 percent to $1.5 billion.