Pixelle to Get Specialty Papers Business from Appvion

SPRING GROVE, Pa.–(Enterprise WIRE)–Pixelle Specialty Options LLC (“Pixelle”), a main company of specialty papers in North The usa, has signed a definitive agreement to purchase the carbonless rolls and stability papers organization of Appvion Operations, Inc.

The transaction is predicted to shut in April 2021 and will not contain any Appvion generation property. Carbonless rolls previously made by Appvion will be manufactured by the Pixelle specialty papers mill in Chillicothe, OH, and security papers formerly made by Appvion will be manufactured by Pixelle or Pixelle provide companions.

Commenting on the acquisition, Pixelle’s Chief Govt Officer Timothy Hess explained, “As a chief in specialty options, Pixelle is effectively-positioned to integrate this merchandise portfolio into our small business. Pixelle welcomes the prospect to provide these customers, who we consider will advantage from our practical experience in giving these technically demanding grades.”

The acquisition expands the Pixelle products portfolio by constructing on Pixelle’s recognized manufacturers of carbonless papers (ExcelOne^® and Trans/Ceremony^®) and incorporating DocuCheck® and DocuMark® security papers to Pixelle’s existing model (Defensa^®).

Pixelle was formed in 2018 by Lindsay Goldberg, a personal investment decision firm that associates with company founders, people, and management groups to actively establish their corporations. In its two-12 months record, Pixelle has designed an sector-major four-mill specialty paper platform with mills in Chillicothe, OH, Jay, ME, Spring Grove, PA and Stevens Issue, WI. Lindsay Goldberg, Affiliate Associate Steven Klinger, Executive Chairman of Pixelle and his administration crew have extra than 150 several years combined knowledge in constructing significant-efficiency paper organizations.

Commenting on the acquisition, Klinger reported, “A key ingredient of Pixelle’s tactic is to acquire actions that final result in shoppers viewing Pixelle as an lively, valued partner in developing customers’ enterprises. Doing that properly has formulated Pixelle into the market place chief it is currently and enabled Pixelle to make acquisitions like this a person. Pixelle is a great instance of how we spend in, spouse with, and actively build organizations.”