Crown Paper is an independent regional containerboard company with an integrated containerboard mill, two converting facilities and three company-operated distribution centres
Atlas Holdings has completed the acquisition of Crown Paper Group. (Credit: Tom from Pixabay)
Investment firm Atlas Holdings has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company.
Crown Paper is an independent regional containerboard company with an integrated containerboard mill, two converting facilities and three company-operated distribution centres.
Crown Corrugated Company is an integrated mill and containerboard operation with a strategic foothold in Pacific Northwest and Western Canada markets.
Port Townsend Paper is a supplier of premium virgin and recycled kraft containerboard, kraft pulp, and specialised products in Port Townsend, Washington.
The two conversion plants, Crown Packaging and Boxmaster, operate throughout British Columbia and Alberta with a wide client reach and distribution capabilities.
Atlas co-founder and managing partner Tim Fazio said: “It’s always an exciting day when we can welcome a great paper and packaging company to the Atlas Family of manufacturing, distribution, and logistics businesses.
“Atlas planted its roots in paper when we were founded with the purchase of a single corrugated medium mill in Indiana, preserving jobs and transforming operations to lay a strong foundation for future growth.
“Now, more than two decades later, paper, packaging and allied industries remain an important and growing sector for Atlas. We’re thrilled to welcome the Crown team and excited to get to work in building an even stronger company.”
Atlas also appointed paper and packaging industry executive Randy Nebel as chairman of the Crown Board of Directors.
Based in Greenwich, Connecticut, and established in 2002, Atlas and its affiliates own and run 26 businesses that together employ almost 50,000 people across more than 300 sites globally.
The company operates in sectors like aluminium processing, automotive, building materials, capital equipment, construction services, food manufacturing and distribution, packaging, paper, power generation, printing, pulp, supply chain management and wood products.
Crown board of directors chairman Randy Nebel said: “I have proudly spent my professional life strengthening and growing paper and packaging businesses and could not be more excited to take on this new role as Chairman of Crown Paper.”