Twin Rivers, headquartered in Madawaska, ME, produces specialty packaging, label, publishing, and technical specialty papers as well as dimensional lumber. It is owned jointly by Atlas Holdings LLC and Blue Wolf Capital. The acquisition is anticipated to be completed in Q2 2018. Terms of the deal were not disclosed.
The mill to be acquired under this agreement produces Multiwall, Converting and Grocery Bag grade unbleached kraft papers serving a variety of food, agricultural, and industrial applications. With basis weights between 40# and 78#, the mill has a capacity in excess of 140,000 US short tons.
“Twin Rivers is a nimble, high quality, integrated forest products company that is well positioned as a market leader in the packaging, publishing, label and technical specialties markets,” says Bob Snyder, CEO-Twin Rivers. “The addition of the Pine Bluff mill is consistent with the evolution of our company and fully complements our overall mill system, product offerings and strategic direction.”
“We are very pleased with the opportunity to add this facility and its valued associates to our company,” adds Ken Winterhalter, president-Twin Rivers. “The proposed transaction will provide a logical grade-line extension to our current offerings and is evidence of our ongoing commitment to enhance the value we provide to our customers.”
More info: www.twinriverspaper.com