Atlas Southeast Papers, an affiliate of Peak Rock Capital, has purchased Roses Southeast Papers, a manufacturer of tissue paper products.
Roses Southeast Papers produces a complete line of tissue products, including bath tissue, towels, and cocktail, dinner and dispenser napkins. The company is headquartered in Sanford, FL.
“Atlas Southeast’s purchase of the Roses Southeast manufacturing facility highlights Peak Rock’s continued focus and differentiated ability to identify, acquire and optimize strategic manufacturing assets,” said Anthony DiSimone, CEO of Peak Rock Capital. “We are excited to add this business to our growing portfolio of outstanding companies.”
Atlas Southeast Papers is a manufacturer of private label and branded tissue products utilizing either virgin or recycled paper fibers. The company produces a complete line of tissue products, including bath tissue, towels, and cocktail, dinner and dispenser napkins. The company is headquartered in Sanford, FL (www.atlastissue.com).
“Atlas Southeast’s manufacturing expertise and overall commitment to excellence have allowed the Company to produce a diverse set of product offerings that are highly in demand. We are excited to now own the Roses Southeast facility and to support the company’s growth through organic initiatives, strategic partnerships and potential add-on acquisitions,” said Peter Leibman, Managing Director of Peak Rock Capital. “Today’s announced acquisition further evidences our enthusiasm for the tissue paper manufacturing sector, a space which we know quite well through our 2013 investment in Atlas Paper Mills.
Peak Rock Capital makes debt and equity investments of $20 million to $150 million in middle market companies with revenues from $50 million to $1 billion and enterprise values from $25 million to $500 million. Sectors of interest include business and commercial services; consumer; distribution and logistics; energy and related services; healthcare; industrials; manufacturing, metals, and media. The firm is based in Austin (www.peakrockcapital.com).
Mesirow Financial acted as the financial advisor to Peak Rock Capital on the transaction.
2014 PEPD • Private Equity’s Leading News Magazine • 9-23-14
