Pixelle to Acquire Specialty Papers Business enterprise from Appvion | Small business & Finance

SPRING GROVE, Pa.–(Enterprise WIRE)–Feb 15, 2021–

Pixelle Specialty Options LLC (“Pixelle”), a primary company of specialty papers in North The united states, has signed a definitive settlement to purchase the carbonless rolls and stability papers organization of Appvion Operations, Inc.

The transaction is expected to shut in April 2021 and will not include any Appvion output belongings. Carbonless rolls formerly created by Appvion will be made by the Pixelle specialty papers mill in Chillicothe, OH, and safety papers formerly created by Appvion will be produced by Pixelle or Pixelle source partners.

Commenting on the acquisition, Pixelle’s Main Govt Officer Timothy Hess said, “As a leader in specialty answers, Pixelle is properly-positioned to integrate this product portfolio into our business. Pixelle welcomes the option to provide these buyers, who we imagine will gain from our encounter in supplying these technically demanding grades.”

The acquisition expands the Pixelle product or service portfolio by building on Pixelle’s proven manufacturers of carbonless papers (ExcelOne ® and Trans/Rite ® ) and including DocuCheck® and DocuMark® security papers to Pixelle’s current brand (Defensa ® ).

Pixelle was fashioned in 2018 by Lindsay Goldberg, a non-public expenditure firm that partners with business enterprise founders, families, and administration groups to actively make their firms. In its two-12 months background, Pixelle has built an market-main four-mill specialty paper platform with mills in Chillicothe, OH, Jay, ME, Spring Grove, PA and Stevens Issue, WI. Lindsay Goldberg, Affiliate Spouse Steven Klinger, Executive Chairman of Pixelle and his administration staff have far more than 150 many years put together expertise in setting up significant-efficiency paper enterprises.

Commenting on the acquisition, Klinger explained, “A vital ingredient of Pixelle’s approach is to acquire actions that consequence in prospects viewing Pixelle as an energetic, valued companion in growing customers’ companies. Undertaking that nicely has designed Pixelle into the current market leader it is nowadays and enabled Pixelle to make acquisitions like this 1. Pixelle is a wonderful illustration of how we commit in, husband or wife with, and actively create enterprises.”

Alan Ulman |[email protected] 


Market Key word: Purely natural Sources Producing OTHER Production FOREST Products Substances/PLASTICS

Source: Pixelle Specialty Solutions LLC

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PUB: 02/15/2021 03:00 PM/DISC: 02/15/2021 03:01 PM

Copyright Business Wire 2021.