Fox River Fiber receives capital infusion

H.I.G. Capital LLC, a Miami-based private equity investment firm, has announced that one of its affiliate firms has completed the recapitalization of Fox River Fiber LLC, a deinked pulp manufacturer based in De Pere, Wisconsin.

Following the recapitalization, Fox River will be combined with Rolland Enterprises Inc., Saint-Jérôme, Quebec, a manufacturer of recycled fine papers and security papers, which an H.I.G. affiliate acquired in 2014.

“Fox River Fiber is an industry leader with a long track record of producing superior quality deinked recycled pulp with the highest level of environmental sustainability and efficiency,” says Ricky Stokes, managing director of H.I.G. Capital. “Fox River and Rolland are highly complementary businesses. We are pleased to support the team in their growth and continued success,” he adds.

Fox River produces the deinked pulp from postconsumer recovered fiber. Its deinked pulp is then sold to paper mills, where it is converted into printing and writing paper, tissue and towels and FDA-grade recycled paper applications.

Greg Archambault, CEO of Fox River, says, “This transaction sets Fox River up for significant growth over the next few years, benefiting employees, suppliers and customers. We are excited about finding ways for Fox River and Rolland to work together to expand our footprint and provide a better experience for our customers.”

Rolland Enterprises LLC maintains three facilities, including a deinking facility in Breakeyville, Quebec, and a paper mill and converting center in Saint-Jérôme.

H.I.G. Capital also owns recycled-content containerboard producer Caraustar Industries Inc., which completed its acquisition of The Newark Group, another recycled-content containerboard producer, in February 2015.