Pixelle Specialty Solutions LLC (“Pixelle”), a leading manufacturer of specialty papers in North America, has signed a definitive agreement to acquire the carbonless rolls and security papers business of Appvion Operations, Inc.
The transaction is expected to close in April 2021 and will not include any Appvion production assets. Carbonless rolls formerly manufactured by Appvion will be manufactured by the Pixelle specialty papers mill in Chillicothe, OH, and security papers formerly manufactured by Appvion will be manufactured by Pixelle or Pixelle supply partners.
Commenting on the acquisition, Pixelle’s Chief Executive Officer Timothy Hess said, “As a leader in specialty solutions, Pixelle is well-positioned to incorporate this product portfolio into our business. Pixelle welcomes the opportunity to serve these customers, who we believe will benefit from our experience in providing these technically demanding grades.”
The acquisition expands the Pixelle product portfolio by building on Pixelle’s established brands of carbonless papers (ExcelOne® and Trans/Rite®) and adding DocuCheck® and DocuMark® security papers to Pixelle’s existing brand (Defensa®).
Pixelle was formed in 2018 by Lindsay Goldberg, a private investment firm that partners with business founders, families, and management teams to actively build their businesses. In its two-year history, Pixelle has built an industry-leading four-mill specialty paper platform with mills in Chillicothe, OH, Jay, ME, Spring Grove, PA and Stevens Point, WI. Lindsay Goldberg Affiliate Partner Steven Klinger, Executive Chairman of Pixelle, and his management team have more than 150 years combined experience in building high-performance paper businesses.
Commenting on the acquisition, Klinger said, “A key component of Pixelle’s strategy is to take actions that result in customers viewing Pixelle as an active, valued partner in growing customers’ businesses. Doing that well has developed Pixelle into the market leader it is today and enabled Pixelle to make acquisitions like this one. Pixelle is a great example of how we invest in, partner with, and actively build businesses.”
Drytac is delighted to announce the launch of Paper Fleece Smooth. Designed to meet the growing demand for high-quality, eco-friendly interior décor solutions, Drytac Paper Fleece Smooth is PVC-free making it a sustainable option for stunning custom wallcoverings in settings such as homes, retail stores, hotels and offices. Paper Fleece Smooth is a 180gsm non-woven wallcovering with a smooth satin finish. It features a repositionable, permanent adhesive backed by a micro-grooved release paper, allowing for easy, bubble-free application and repositioning. The digitally printable Paper Fleece Smooth has high dimensional stability and maintains its shape over time. It is compatible with eco-solvent, latex, and UV printers, ensuring versatility across different printing technologies. The product’s photorealistic print quality produces sharp and detailed graphics with quick drying times.
Forest Products Association of Canada (FPAC) released Innovative, Sustainable, Resilient: Recommendations from Canada’s Forest Sector to Drive Economic Recovery and a Net-Zero Carbon Future. The report, submitted to the federal government, outlines how Canadian forestry workers, forest management, and forest products can help kickstart a green economic recovery. At today’s launch, FPAC President and CEO, Derek Nighbor, issued the following statement: “In the face of rising COVID numbers in most parts of the country, Canadians continue to stare down the biggest health and economic crisis of our lifetimes. Last week’s announcement that the federal deficit is projected to hit $382 billion by March 2021 is a stark reminder of how daunting the recovery effort will be. We need to come together with solutions that will meet the needs of Canadian workers and their families and deliver jobs to communities that need them, while promoting innovation and our move to a lower-carbon economy."
Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper, commented, "Our third quarter results largely reflected the impact of a government mandated temporary restriction on production volume that has been in place since November 2016. Total revenue decreased by 10.6% year over year to $33.5 million on the back of a 36.1% drop in overall volume that more than offset the increase in blended average selling prices. Looking ahead, we expect the newly elected Communist Party of China leaders to continue to promulgate rules and regulations on environmental protection that could lead to government-mandated temporary restriction or suspension on paper production from time-to-time, leading to significant changes in pricing and supply/demand balances." Click Read More below for additional information.