Atlas Paper Mills, a manufacturer of tissue products based in Miami, has acquired Accurate Paper Recycling, a large, independent commercial paper recycling firm based in Tampa, Florida. In addition to recycling services, Accurate provides document destruction services. Its customer base includes commercial printers, manufacturing facilities and records retention centers.
Atlas, which supplies private label and branded bath tissue, towels and facial tissue containing 100-percent-recycled-content fiber, is a portfolio company of Peak Rock Capital, an Austin, Texas-based private equity firm. Atlas produces more than 36,000 tons of recycled products per year.
“Accurate Paper has been a great strategic partner and supplier to our business for many years. We believe that by bringing the Accurate Paper business into the Atlas Paper family, we will be well-situated to further expand our growth and continue to provide high quality recycled tissue products to our customers,” says Jim Brown, CEO of Atlas Paper.
Peter Leibman, Peak Rock Capital’s managing director, notes, “The acquisition of Accurate Paper is a great example of Atlas Paper’s efforts to expand its capabilities and accelerate growth through strategic add-on acquisitions. Combining Atlas Paper’s leading paper-making capabilities with Accurate Paper’s high quality source of supply will improve the already strong competitive position of the business and ensure continued superior service to Atlas Paper’s current and prospective customers.”