Paper manufacturer completes 2 acquisitions

A York County paper manufacturer has announced the completion of two recent acquisitions.

Pixelle Specialty Solutions acquired specialty paper business Rollsource from the Veritiv Corporation on the last day of March. The acquisition of Rollsource includes the book of business primarily serving the forms printer market, and includes a converting facility in Pittsburg, Kansas.

On April 5, Pixelle also acquired Wisconsin-based Appvion Operations Inc.’s carbonless rolls and security papers business.

“The acquisition of Appvion’s carbonless rolls and security papers business will enable Pixelle to serve new customers with Pixelle’s portfolio of ExcelOne and Trans/Rite carbonless papers and broad line of Defensa security products,” the company said in a press release. “No production assets are included in the transaction. Pixelle will manufacture carbonless roll products for former Appvion customers at its Chillicothe, Ohio specialty paper mill, building on decades of experience producing carbonless products.”

Pixelle was formed in 2018 by Lindsay Goldberg, a private investment firm that partners with business founders, families, and management teams to build their businesses. Pixelle has mills in Chillicothe, Ohio; Jay, Maine; Spring Grove, York County and Stevens Point, Wisconsin. The company says that it operates 11 paper machines and produces more than one million tons of paper annually. The company employs more than 2,400 people.

“The addition of carbonless rolls, security and related products along with a skilled group of professionals at Rollsource enables Pixelle to continue growing its specialty portfolio,” Pixelle’s chief executive officer, Timothy Hess said in the press release. “These investments reinforce Pixelle’s commitment to provide best-in-class products and service to our customers.”

—Business Buzz

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