MIAMI, Dec 15, 2014 (Press Release) - Atlas Paper Mills, LLC announced today 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."
ABOUT ATLAS PAPER
Atlas Paper is a Miami, Florida based manufacturer of tissue products, utilizing virgin and recycled fiber. Atlas Paper supplies private label and branded bath tissue, facial tissue, towels, and cocktail, dinner and dispenser napkins to a diversified mix of customers in the away-from-home and value retail channels. For further information about Atlas Paper, please visit www.atlaspapermills.com
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is an Austin, Texas based private equity firm that makes debt and equity investments in middle-market companies. Peak Rock focuses on investing in companies where it can support senior management in driving rapid growth and profit improvement through operational and strategic changes. Peak Rock's principals have deep expertise in complex situations, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.