One Rock Capital Partners LLC has closed its previously announced buy of North Pacific Paper Company LLC. No financial terms were disclosed. Based in Longview, Washington, NORPAC is a leading maker of newsprint and various publication paper products.
NEW YORK, Nov. 1, 2016 /PRNewswire/ — One Rock Capital Partners, LLC (“One Rock”) announced today that one of its affiliates has completed the acquisition of North Pacific Paper Company, LLC (“NORPAC”). The transaction was initially announced in early October 2016 and financial terms of the transaction were not disclosed.
Located in Longview, Washington, NORPAC is a leading manufacturer of newsprint and various publication paper products. The company, which was established as a joint venture between Weyerhaeuser Company (“Weyerhaeuser”) and Nippon Paper Industries (“NPI”), supplies products to customers throughout North America and internationally.
The company will be led by chief executive officer, Craig Anneberg, who previously served as the Mill Manager and has worked within the Weyerhaeuser organization for more than 35 years. Craig will be joined by an experienced management team who have all held senior leadership positions at NORPAC for the past several years.
ABOUT ONE ROCK CAPITAL PARTNERS, LLC
One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. One Rock also has a unique strategic relationship with Mitsubishi Corporation, which can provide strategic resources to One Rock and its portfolio companies, including access to potential new business partners, market intelligence, and low-cost sourcing through increased purchasing power globally. For more information, visit www.onerockcapital.com.