Peak Rock Capital has acquired Atlas Paper Mills, a manufacturer of tissue paper products using recycled fiber.
“Atlas has a strong competitive position as a supplier of ‘green’ tissue products with long-standing customer relationships,” said Peter Leibman, Managing Director of Peak Rock Capital. “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 management team in pursuing these opportunities.”
Atlas Paper Mills is a manufacturer of private label and branded tissue products utilizing 100% recycled fiber. The company produces bath tissue, towels and facial tissue sold to the away-from-home and retail channels. Atlas produces approximately 34,000 tons of recycled tissue products per year and converts approximately three million cases of tissue and towels. The company is headquartered in Miami, FL (www.atlaspapermills.com).
Peak Rock Capital makes debt and equity investments of $20 million to $100 million in middle market companies with revenues greater than $50 million 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 and media. The firm is based in Austin, TX (www.peakrockcapital.com).
“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,” said Anthony DiSimone, CEO of Peak Rock Capital.
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-22-13
