Peak Rock Capital Buys Tissue Producer Atlas Paper Mills

Atlas Paper Mills provides both branded ("Green Heritage") and private label products throughout North America.

May 23, 2013 - An affiliate of Peak Rock Capital announced today that it has acquired Miami, Florida-based Atlas Paper Mills, LLC, a manufacturer of tissue paper.

Terms of the deal were not disclosed.

Atlas produces a complete line of tissue products, including bath tissue, towels and facial tissue for the away-from-home and retail channels. The company provides both branded (“Green Heritage”) and private label products throughout North America.

"Atlas has a strong competitive position as a supplier of ‘green’ tissue products with long-standing customer relationships," said Peter Leibman, Managing Director of Peak Rock Capital. "We believe Atlas is an excellent platform for expansion through organic growth and strategic add-on acquisitions and are excited to work with the company’s outstanding management team in pursuing these opportunities.”

Atlas utilizes 100% recycled fiber and a manufacturing process free of chlorine, chlorine derivatives or any other potentially harmful chemicals.

The company produces about 34,000 tons of recycled tissue products per year and converts approximately three million cases of Eco-friendly towels and tissue for use in the Away-From-Home and retail marketplace.

In addition to toilet tissue, Atlas' paper lines can convert kitchen roll towels, hard-wound roll towels and center-pull towels.

For further information about Atlas Paper Mills, please visit www.atlaspapermills.com.

SOURCE: Peak Rock Capital