Private Equity Firm Acquires Paper Mill

Private equity firm Palm Beach Capital, through one of its investment entities, has acquired Atlas Paper Mills. The acquisition is the seventh for the company so far this year.

Atlas Paper Mills, located in Hialeah, Fla., manufactures tissue paper from 100 percent recovered fiber. The mill has an annual capacity of 36,000 tons, and converts around 3 million cases of paper, paper towels and other types of paper produces for both the home and away from home markets. The mill has two paper machines and seven converting lines.

"Atlas Paper Mills is a wonderful acquisition for our firm," stated Mike Schmickle of Palm Beach Capital. "It fits exactly within our investment criteria of being a well-run, growing company. And, the opportunity to partner with an experienced, entrepreneurial management team was very attractive to us. We believe that Atlas has a solid foundation from which to build whether through complementary acquisitions or through investment in capacity generating equipment."

Palm Beach Capital was assisted by LaSalle Bank National Association on the transaction.