M&A Deal Summary

Resolute Forest Products Acquires Atlas Paper Mills

On November 16, 2015, Resolute Forest Products, Inc. acquired forest products company Atlas Paper Mills LLC from Peak Rock Capital for 156M USD

Acquisition Highlights
  • This is Resolute Forest Products’ 2nd transaction in the Forest Products sector.
  • This is Resolute Forest Products’ 2nd largest (disclosed) transaction.
  • This is Resolute Forest Products’ 1st transaction in the United States.
  • This is Resolute Forest Products’ 1st transaction in Florida.

M&A Deal Summary

Date 2015-11-16
Target Atlas Paper Mills LLC
Sector Forest Products
Buyer(s) Resolute Forest Products, Inc.
Sellers(s) Peak Rock Capital
Deal Type Add-on Acquisition
Deal Value 156M USD
Advisor(s) Moelis & Co. (Financial)
McDermott Will & Emery LLP (Legal)

Target

Atlas Paper Mills LLC

Miami, Florida, United States
website
Atlas Paper Mills, LLC is a manufacturer of tissue products, utilizing recycled fiber. Atlas supplies private label and branded bath tissue, towels and facial tissue to a diversified mix of customers in the away-from-home and value retail channels.

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Buyer(S) 1

Buyer

Resolute Forest Products, Inc.

Montréal, Quebec, Canada

website


Category Company
SectorForest Products
Employees7,700
Revenue 4.3B USD (2014)
DESCRIPTION

Resolute Forest Products is engaged in the forest products industry with a diverse range of products, including newsprint, specialty papers, market pulp and wood products. The company owns or operates some 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada.


DEAL STATS #
Overall 2 of 5
Sector (Forest Products) 2 of 4
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 AbiBow Recycling LLC

Humble, Texas, United States

AbiBow Recycling LLC collects and recycles old newspapers and magazines, corrugated cardboard, sorted office paper, and other recyclables.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Tembec, Inc. - Sawmill Division

Senneterre, Quebec, Canada

Tembec, Inc. - Sawmill Division is a provider of forest products,

Buy -

Seller(S) 1

SELLER

Peak Rock Capital

Austin, Texas, United States

website


Category Private Equity Firm
Founded 2012
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.


DEAL STATS #
Overall 1 of 16
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Florida) 1 of 1
Country (United States) 1 of 14
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Precision Valve Corp.

Greenville, South Carolina, United States

Precision Global is a global manufacturer and supplier of aerosol valves, actuators and other dispensing solutions for various end markets, including personal care, household, food, industrial, and pharmaceutical. Based in Greenville, South Carolina, the Company operates a multinational network of facilities spanning fifteen countries on six continents.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 Berner Food & Beverage LLC

Dakota, Illinois, United States

Berner Food & Beverage is a manufacturer of high quality shelf-stable, dairy-based food products and beverages. The Company serves a diverse customer base of consumer packaged goods companies, emerging brands and private label retailers.

Buy -