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Burrows Paper Sells Packaging Operations to Novolex, Paper to Twin Rivers

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Burrows Paper Corp., Little Falls, N.Y., USA, has agreed to sell its Packaging Division operations to Novolex, Hartsville, S.C, and to sell its Paper Division operations to Twin Rivers Paper Co., Madawaska, Maine. Burrows is a privately owned, global supplier of paper and packaging solutions, specializing in lightweight paper applications and new product development. 

Burrows’ associates operate four paper mills and six packaging converting facilities. The company has been in operation for nearly 100 years. The transactions are expected to close in the fourth quarter of 2016.

Novolex serves retail, grocery, food service, hospitality, institutional, and industrial markets. It will acquire Burrows’ U.S. operations in Franklin and Mt. Vernon, Ohio, Reno, Nev., and Ft. Madison, Iowa, as well as in Kerkrade, the Netherlands, and Heshan, China.
 
Twin Rivers Paper Co. is an integrated specialty paper company that produces specialty packaging, label, and publishing papers, as well as dimensional lumber. It will acquire Burrows’ operations in Little Falls and Lyonsdale, N.Y., and Pickens, Miss.

"Our decision to sell Burrows to these two great companies is the right one for the continued success of our customers, employees, and communities," said Phil Paras, president and COO of Burrows Paper. "I’m confident that our people are positioned to truly prosper and grow with Novolex and Twin Rivers. For nearly a century, we have taken great pride in our ability to develop long-term relationships with customers based on trust and the ability to provide for, and anticipate, their needs through innovation and initiative. I know that will continue under new ownership. The story of Burrows and its rich history is moving on to its next chapter and I am confident in what the future holds."

Stan Bikulege, chairman and CEO of Novolex, said that "as we look forward to the integration of the Burrows Packaging Division team and business into the Novolex family, there’s a lot to be excited about. From the more than 400 new and talented team members who will join us to the technology and global reach of Burrows, this acquisition will enhance our ability to serve our customers and expand our horizons in many ways."

"Twin Rivers is a nimble, high quality, integrated forest products company, and we are very pleased to
acquire the Burrows Paper Division and welcome its skilled associates," said Bob Snyder, CEO of Twin Rivers Paper Co. "As a market leader today in the lightweight packaging, publishing, and label markets, this transaction strategically builds upon that foundation and is fully consistent with our business’ focus, short and long-term."

With the addition of Burrows’ packaging operations, Novolex will have 7,000 employees and 49 manufacturing plants in North America, one each in Europe and China, and two world-class plastic recycling facilities. The company’s brands include Hilex Poly, Fortune Plastics, Novolex Custom Film & Bag, Duro Bag, Bagcraft, De Luxe, General Packaging, International Converter, and Heritage Bag. 

Twin Rivers Paper Co. is an integrated specialty paper company that produces specialty packaging, label and publishing papers, as well as dimensional lumber. The company’s brands include Acadia® packaging products, Alliance® label products, and Pharmopaque® pharmaceutical papers. Twin Rivers is one of the largest employers in Northern New Brunswick and Maine with more than 1,000 full-time employees. Twin Rivers is owned jointly by Atlas Holdings LLC and Blue Wolf Capital. 

 

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