Atlas Tissue Acquired by Peak Rock Capital
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An affiliate of Peak Rock Capital, Austin, Texas, USA, announced that it has acquired Atlas Paper Mills LLC, a Miami, Fla., USA-based producer of tissue paper. Atlas produces a complete line of tissue products from 100% recycled fiber, including bath tissue, towels, and facial tissue, serving customers in both the away-from-home and retail channels.
This strategic approach has allowed Atlas to develop long-term relationships with an expanded customer base. The company provides both branded (Green Heritage) and private label products throughout North America.
Anthony DiSimone, CEO of Peak Rock Capital, said that "Atlas is a great example of our interest in investing in middle market businesses that can benefit from our resources and expertise to enhance their growth and strategic position; it also highlights our continued interest in the manufacturing and consumer product sectors."
Peter Leibman, managing director of Peak Rock Capital, added that "Atlas has a strong competitive position as a supplier of 'green' tissue products with long-standing customer relationships. We believe Atlas is an excellent platform for expansion through organic growth and strategic add-on acquisitions and are excited to work with the company's outstanding management team in pursuing these opportunities."
Joe Tadeo, CEO of Atlas Paper Mills, noted that "we are very pleased that Peak Rock is investing in Atlas and believe we will benefit from Peak Rock's knowledge of the industry and resources to support investments in strengthening and expanding our core business. This is an exciting time for Atlas, and we look forward to growing our business in partnership with our customers, suppliers, and employees."
Atlas produces approximately 34,000 tons of recycled tissue products per year and converts approximately three million cases of tissue and towels.
   
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