The acquisition of Crown Paper Group further expands Atlas Holdings' portfolio of companies active in the pulp and paper and packaging sectors.
US investment and private equity company Atlas Holdings has completed the acquisition of independent pulp, paper and packaging industry holding company Crown Paper Group. No financial details of the deal were revealed.
Crown Paper Group consists of Port Townsend Holdings company and Montebello Container Corporation. The group has total sales of $321m and employs 780 people across US and Canada.
With the acquisition of Crown Paper Group Atlas Holdings has further expanded its investment portfolio in the pulp and paper and packaging sectors. The portfolio already includes US tissue and sanitary products manufacturer Marcal, the US label, packaging and publishing paper producer Twin Rivers Paper Company, US printing and writing and technical paper company Finch Paper, and Canada's specialty high-yield pulp producer Millar Western.