M&A Deal Summary

Pixelle Specialty Solutions Acquires Verso - Androscoggin & Stevens Point Mills

On November 12, 2019, Pixelle Specialty Solutions acquired forest products company Verso - Androscoggin & Stevens Point Mills from Verso for 400M USD

Acquisition Highlights
  • This is Pixelle Specialty Solutions’ 1st transaction in the Forest Products sector.
  • This is Pixelle Specialty Solutions’ largest (disclosed) transaction.
  • This is Pixelle Specialty Solutions’ 1st transaction in the United States.
  • This is Pixelle Specialty Solutions’ 1st transaction in Ohio.

M&A Deal Summary
Date 2019-11-12
Target Verso - Androscoggin & Stevens Point Mills
Sector Forest Products
Buyer(s) Pixelle Specialty Solutions
Sellers(s) Verso
Deal Type Divestiture
Deal Value 400M USD

Target

Verso - Androscoggin & Stevens Point Mills

Miamisburg, Ohio, United States
Verso Corp.'s Androscoggin & Stevens Point Mills produces approximately 425,000 tons of paper per year and currently produces flexible packaging papers, release liner base, specialty labels, kraft papers, and liner board.

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Buyer(S) 1

Buyer

Pixelle Specialty Solutions

Spring Grove, Pennsylvania, United States
Category Company
Founded 2018
Sector Forest Products
Revenue 783M USD (2018)
DESCRIPTION

Pixelle Specialty Solutions is a provider of specialty papers and engineered materials, offering innovation, world-class service and over a century and a half of technical expertise. Pixelle Specialty Solutions was founded in 2018 and is based in Spring Grove, Pennsylvania.

DEAL STATS #
Overall 1 of 3
Sector (Forest Products) 1 of 3
Type (Divestiture) 1 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 Appvion - Specialty Papers Business

Appleton, Wisconsin, United States

Appvion Specialty Papers Business includes carbonless rolls and security papers. Carbonless gives you clean, legible images that are guaranteed to remain intense throughout the life of the document. Even down to the last ply. We offer a broad range of papers optimized for different types of multipart forms and printing setups which has helped us become the number one carbonless paper in the world. Security Papers The best protection against fraud is to prevent it from ever happening – by creating documents that deter the schemes that fraud criminals use.

Buy -

Seller(S) 1

SELLER

Verso

Miamisburg, Ohio, United States
Category Company
Founded 2006
Sector Forest Products
Revenue 1.3B USD (2021)
DESCRIPTION

Verso is a producer of graphic, specialty, and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Verso has two paper mills in Michigan, a roll to sheet converting facility in Wisconsin (paper production idled), and two distribution centers in Sauk Village, Illinois, and Bedford, Pennsylvania. The production facilities are strategically located within close proximity to major customers, and the annual production capacity totals around 1.1 million tonnes of paper. Verso was founded in 2006 and is based in Miamisburg, Ohio.

DEAL STATS #
Overall 4 of 4
Sector (Forest Products) 3 of 3
Type (Divestiture) 4 of 4
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Verso Androscoggin Power

Jay, Maine, United States

Verso Androscoggin Power LLC is an own and operates four hydroelectric generation facilities.

Buy $62M
Mergr

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