Atlas Paper Mills, LLC announced on Dec. 15 that it has completed a merger with Atlas Southeast Papers, LLC (“Atlas Southeast”), forming a leading multi-facility integrated manufacturer of tissue paper products. The combined company will be known as Atlas Paper Holdings, Inc. (“Atlas Paper” or the “Company”). Affiliates of Peak Rock Capital, an Austin, Texas based private equity firm, acquired Atlas Paper in May, 2013 and Atlas Southeast in September, 2014, respectively.
Headquartered in Miami, Florida, Atlas Paper is a leading manufacturer of tissue products, utilizing both virgin and recycled fiber. The Company supplies private label and branded bath tissue, facial tissue and towels, along with cocktail, dinner and dispenser napkins to a diversified mix of customers in the away-from-home and value retail channels.
The Company currently operates two state-of-the-art tissue paper mills with a demonstrated capability of manufacturing a complete line of tissue products.
Jim Brown, CEO of Atlas Paper, said, “We’re very excited to add Atlas Southeast to the Atlas Paper family. The demand for our tissue products continues to strengthen, and the stellar production capabilities of the Atlas Southeast facility will help further expand our growth, diversify our end-markets, and provide high quality virgin and recycled tissue products to our customers.”
Peter Leibman, Managing Director of Peak Rock Capital, added, “Merging these two strong operating businesses is an exciting step forward for the Atlas Paper platform. We look forward to supporting the Company’s growth through organic initiatives, strategic partnerships and potential add-on acquisitions.”