Dunn Paper Acquires Specialty Mills from Clearwater Paper Corporation
PORT HURON, Mich., Dec. 30, 2014
PORT HURON, Mich., Dec. 30, 2014 /PRNewswire/ -- Dunn Paper, Inc. a leading manufacturer of specialty coated, wax and machine glazed papers, announced today that it has acquired the Specialty Mills business from Clearwater Paper Corporation (NYSE: CLW).
The transaction includes the sale of five Clearwater Paper specialty tissue and machine glazed paper mills located at Wiggins, MS, Menominee, MI, East Hartford, CT, Gouverneur (Natural Dam), NY, and St. Catharines, Ontario.
Brent Earnshaw, Dunn Paper CEO, commented, "We are very pleased to welcome the exceptional people who lead and work at these specialty mills to the Dunn Paper team. Combining the unique assets, capabilities and products of these mills with Dunn Paper's Port Huron mill will lead to a specialty paper company with unmatched product offerings for our diverse customer base."
The five mill locations include nine paper machines with more than 200,000 tons of production capacity across a diverse set of product lines including machine glazed paper, coated paper, specialty napkin, towel and tissue, and wet crepe. The Specialty Mills' focus on niche paper products aligns with Dunn Paper's commitment to providing market leading, high value added paper solutions. As a result of the transaction, Dunn Paper has significantly expanded its presence in the specialty paper and tissue markets and can offer a wider array of products and solutions than ever before.
The business will continue supporting its customers as previously, with Specialty Mills leadership, including D'Arcy Schnekenburger and Wade Kemnitz, plus an exceptional group of nearly 500 employees across the Specialty business joining Dunn Paper. "We are excited to add D'Arcy, Wade and all the employees of the Specialty Mills business to Dunn Paper, " continued Earnshaw. "From our very first meeting the shared culture and values were apparent. The integration of the Specialty Mills into Dunn Paper creates a very special company that offers products, services and capabilities unmatched by any other company."
About Dunn Paper:
Dunn Paper, Inc. is a leading specialty paper manufacturer with customers worldwide. The company produces a wide array of specialty waxed, coated, and uncoated machine glazed papers used in various food packaging and specialty label applications. The company is located in Port Huron, MI, approximately 60 miles north of Detroit.
For more information, visit www.dunnpaper.com.
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SOURCE Dunn Paper, Inc.
/Web site: http://www.dunnpaper.com
(END) Dow Jones Newswires
December 30, 2014 14:45 ET (19:45 GMT)