Resolute announced the acquisition of Atlas Paper Holdings, a leading Florida-based manufacturer of at-home and away-from-home tissue products, including recycled and virgin paper grades.
This transaction fits nicely with our announcement this past June to build state-of-the-art tissue and converting facilities at our Calhoun (Tennessee) operation.
The acquisition of Atlas Paper provides Resolute with an immediate position in the multi-billion-dollar North American consumer tissue market. It allows us to expand into the at-home and away-from-home markets, while having access to the knowledge and expertise of Atlas Paper’s tissue manufacturing, sales and management teams. We are also inheriting a well-established customer base, many of whom have been with Atlas Paper for more than a decade.
With this news, we are building a stronger and more diversified company. For more information, please refer to the press release.