Twin Rivers buys specialty paper machines
By Cindy Macdonald
Twin Rivers Paper Co. will acquire the paper manufacturing assets of the Burrows Paper Corp., which includes four specialty paper machines, located at Burrows’ facilities in New York and Mississippi, will be added to Twin Rivers as a result of the acquisition. Terms of the transaction were not disclosed.
“Twin Rivers is a nimble, high quality, integrated forest products company and we are very pleased to acquire Burrows’ paper assets and welcome its skilled associates,” said Twin Rivers CEO Bob Snyder.
“Twin Rivers is the market leader today in the lightweight packaging, publishing and label markets and this transaction strategically builds upon that foundation,” he added.
The transaction is expected to close during the 4th quarter of 2016. It will expand Twin Rivers’ geographic footprint and product offerings while strengthening its ability to serve a wide array of customers in the lightweight publishing, packaging, label and other technical specialty sectors.
Burrows Paper Corporation is a long-time family-owned company that operates six packaging converting facilities in the U.S. and abroad.
Twin Rivers operates a paper mill in Madawaska, Maine, and a pulp mill in Edmundston, N.B.