February 18, 2021 By P&PC Staff
Specialty papers manufacturer Pixelle Specialty Solutions will acquire the carbonless rolls and security papers business of Appvion Operations.
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, Ohio, and security papers formerly manufactured by Appvion will be manufactured by Pixelle or Pixelle supply partners.
“Pixelle welcomes the opportunity to serve these customers, who we believe will benefit from our experience in providing these technically demanding grades,” says Timothy Hess, chief executive officer of Pixelle.
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 a four-mill specialty paper platform with mills in Chillicothe, Ohio, Jay, Maine, Spring Grove, Pa. and Stevens Point, Wis.
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