Soundview Paper Acquires Vermont-based Putney Paper

Jan. 2, 2013 - Soundview Paper Company LLC announced that it has acquired Putney, Vermont-based (USA) Putney Paper Co, Inc., a subsidiary of APC Paper Holdings, Inc., a towel and paper products manufacturer.

Soundview Paper said the acquisition brings a broader range of commercial towel manufacturing capability into its finished paper products offering of tissue, towel and napkin products to retailers, distributors and other customers.

“We are very enthusiastic about this important addition to Soundview’s Away-from-Home business and the synergies created by putting these enterprises together," said John McLean, SVP Sales & Marketing for Soundview Paper Company. Putney is recognized for its high quality commercial towel products and has a heritage of making tissue from 100% recycled paper, fitting perfectly into the family of Soundview and Marcal brands.

"With the addition of Putney, we now offer our customers an even broader product array of towel and tissue products in the Away-from-Home segment,” McLean added.

George Wurtz, Soundview's CEO, noted, "We are excited about the Putney acquisition. The mill’s operational capabilities and paper-making skills extend our capabilities in the commercial markets, enabling us to continue to grow our presence in the northeast region. The Putney, [Vermont] mill has a rich culture and we look forward to welcoming Putney employees into the Soundview family.”

Soundview Paper Company LLC is part of Atlas Holdings which owns and operates more than 70 facilities with nearly 9,000 employees worldwide. Its businesses are engaged in a broad spectrum of industries, including pulp and paper manufacturing, food and agriculture, wood products and building materials, packaging, capital equipment, and industrial and business services. Atlas works closely with its Operating Partners and management teams to build strong standalone companies that can sustain long-term success.

For more information about Soundview Paper Company and its commercial towel and tissue products, including Putney products, please visit the company’s website at www.soundviewpaper.com.

SOURCE: Soundview Paper Company LLC