M&A Deal Summary

Atlas Holdings Acquires Thunder Bay Pulp & Paper

On May 26, 2023, private equity firm Atlas Holdings acquired forest products company Thunder Bay Pulp & Paper from Resolute Forest Products

Acquisition Highlights
  • This is Atlas Holdings’ 8th transaction in the Forest Products sector.
  • This is Atlas Holdings’ 4th transaction in Canada.
  • This is Atlas Holdings’ 2nd transaction in Ontario.

M&A Deal Summary

Date 2023-05-26
Target Thunder Bay Pulp & Paper
Sector Forest Products
Buyer(s) Atlas Holdings
Sellers(s) Resolute Forest Products
Deal Type Divestiture

Target

Thunder Bay Pulp & Paper

Thunder Bay, Ontario, Canada
Thunder Bay Pulp and Paper is a northern bleached softwood kraft and northern bleached hardwood kraft pulp, paper, newsprint and directory producer. Thunder Bay Pulp and Paper is based in Thunder Bay, Ontario.

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Buyer(S) 1

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 35 of 40
Sector: Forest Products M&A 8 of 8
Type: Divestiture M&A Deals 13 of 14
State: Ontario M&A 2 of 2
Country: Canada M&A 4 of 4
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 US Farathane

Auburn Hills, Michigan, United States

US Farathane is a manufacturer and supplier of functional black plastic, interior, and exterior plastic components intended to innovate and pair with solid value. The company's manufacturing division designs highly engineered plastic injection-molded components in a variety of sizes and shapes and supply both functional and decorative parts to companies in the Automotive industry. US Farathane was founded in 1971 and is based in Auburn Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 NPX One

Reading, Pennsylvania, United States

NPX One is a food packaging manufacturer providing foam trays for fresh protein products to food processors, distributors, and supermarkets. NPX One is based in Reading, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Resolute Forest Products

Montreal, Quebec, Canada

Category Company
Sector Forest 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. Barclays is based in Montreal, Quebec.


DEAL STATS #
Overall 4 of 4
Sector: Forest Products M&A 3 of 3
Type: Divestiture M&A Deals 4 of 4
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Boralex - Senneterre Power Plant

Kingsey Falls, Quebec, Canada

Boralex's Senneterre Power Plant provides a 34.5 MW power plant.

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