An affiliate of Peak Rock Capital acquires the Miami-based tissue producer.
An affiliate of the private equity firm Peak Rock Capital, Austin, Texas, has acquired Atlas Paper Mills LLC, a Miami-based manufacturer of recycled-content tissue paper. The paper mill produces 34,000 tons of recycled-content tissue per year.
Atlas’ product line includes bath tissue, towels and facial tissue that serve customers in both the away-from-home and retail channels. According to Peak Rock, this approach has allowed the company to develop long-term relationships with a diverse customer base. Atlas provides both branded and private label products throughout North America.
Anthony DiSimone, CEO of Peak Rock Capital, says, "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, Peak Rock Capital’s managing director, says, "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, says, "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."