Atlas Paper Mills, a portfolio company of Peak Rock Capital, said Wednesday that it has acquired Accurate Paper Recycling. No financial terms were disclosed. Based in Tampa, Florida, Accurate Paper is a provider of paper recycling services.
AUSTIN, Texas, July 2, 2014 /PRNewswire/ — Atlas Paper Mills, LLC (“Atlas Paper”), a portfolio company of Peak Rock Capital (“Peak Rock”), an Austin, Texas based private equity firm, announced today that it has acquired Accurate Paper Recycling, Inc. (“Accurate Paper” or the “Company”), a leading supplier of paper recycling services based in Tampa, Florida.
Accurate Paper is the largest independent commercial recycling facility in central Florida, providing bales of assorted recovered paper grades to blue-chip paper making facilities located throughout the Southeast. The Company delivers high quality product to paper mills with leading customer service levels and has long-standing recycling and document shredding relationships with its broad supplier base, which includes commercial printers, manufacturing facilities and record retention centers.
Jim Brown, CEO of Atlas Paper, said, “Accurate Paper has been a great strategic partner and supplier to our business for many years. We believe that by bringing the Accurate Paper business into the Atlas Paper family, we will be well-situated to further expand our growth and continue to provide high quality recycled tissue products to our customers.”
Peter Leibman, Managing Director of Peak Rock Capital, added, “The acquisition of Accurate Paper is a great example of Atlas Paper’s efforts to expand its capabilities and accelerate growth through strategic add-on acquisitions.
Combining Atlas Paper’s leading paper-making capabilities with Accurate Paper’s high quality source of supply will improve the already strong competitive position of the business and ensure continued superior service to Atlas Paper’s current and prospective customers.”
ABOUT ACCURATE PAPER RECYCLING
Accurate Paper Recycling is a Tampa, Florida based independent commercial recycling facility. Accurate provides recycling services to commercial printers, manufacturing facilities, office buildings and record retention centers, along with document shredding services. The company delivers baled recovered paper to leading paper mills located throughout the Southeast. For further information about Accurate Paper Recycling, please visit www.accuratepaper.com.
ABOUT ATLAS PAPER MILLS
Atlas Paper Mills is a Miami, Florida based 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. For further information about Atlas Paper Mills, please visit www.atlaspapermills.com.
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is an Austin, Texas based private equity firm that makes debt and equity investments in middle market companies. Peak Rock focuses on investing in companies where it can support senior management in driving rapid growth and profit improvement through operational and strategic changes. Peak Rock’s principals have deep expertise in complex situations, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.