Blue Wolf, Atlas Holdings to buy control of Twin Rivers.
M2 EQUITYBITES-May 22, 2013-Blue Wolf, Atlas Holdings to buy control of Twin Rivers(C)2013 M2 COMMUNICATIONS http://www.m2.com
22 May 2013 - US private equity firms Blue Wolf Capital Partners LLC and Atlas Holdings LLC said they had agreed to buy a controlling interest in domestic speciality paper firm Twin Rivers Paper Company Inc from Canadian Brookfield Asset Management Inc (TSE:BAM.A).
The buyers did not unveil financial details.
The target manufactures packaging, label and publishing products. It has mill operations in Madawaska, Maine, and in Edmundston, in Canada's province of New Brunswick, as well as operates a lumber sawmill in Plaster Rock, New Brunswick.
Blue Wolf and Atlas, which have long-time experience in investing in forest products companies in North America, said that they would would assist Twin Rivers in the development of its long-term capital and growth plans.
The deal is seen closing in around three weeks, following completion of certain procedural requirements.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 22, 2013|
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