Burrows Paper sells packaging operations to Novolex
Burrows Paper Corporation to sell its Packaging Division operations to Novolex™ and sell its Paper Division operations to Twin Rivers Paper Company. Burrows is a privately owned, worldwide supplier of paper and packaging solutions, specializing in innovative light weight paper applications and new product development. Based in Little Falls, New York, Burrows’ associates operate four paper mills and six packaging converting facilities. The company has been in operation for nearly 100 years. The transactions are expected to close in the fourth quarter of 2016.
Novolex™ is one of North America’s leaders in packaging choice and sustainability, serving retail, grocery, food service, hospitality, institutional and industrial markets. It will acquire the operations located in Franklin and Mt. Vernon, Ohio; Reno, Nevada; Ft. Madison, Iowa; Kerkrade, the Netherlands; and Heshan, China. Twin Rivers Paper Company, headquartered in Madawaska, Maine, is an integrated specialty paper company that produces specialty packaging, label and publishing papers, as well as dimensional lumber. Twin Rivers will acquire operations located in Little Falls and Lyonsdale, NY, and Pickens, Miss.
Phil Paras about the decision to sell Burrows
“Our decision to sell Burrows to these two great companies is the right one for the continued success of our customers, employees and communities,” said Phil Paras, President and Chief Operating Officer of Burrows Paper. “I’m confident that our people are positioned to truly prosper and grow with Novolex™ and Twin Rivers. For nearly a century, we have taken great pride in our ability to develop long-term relationships with customers based on trust and the ability to provide for, and anticipate, their needs through innovation and initiative. I know that will continue under new ownership. The story of Burrows and its rich history is moving on to its next chapter and I am confident in what the future holds.”
Stan Bikulege, Chairman and CEO of Novolex™ said, “As we look forward to the integration of the Burrows Packaging Division team and business into the Novolex™ family, there’s a lot to be excited about. From the more than 400 new and talented team members who will join us to the technology and global reach of Burrows, this acquisition will enhance our ability to serve our customers and expand our horizons in many ways.”
“Twin Rivers is a nimble, high quality, integrated forest products company and we are very pleased to acquire the Burrows Paper Division and welcome its skilled associates,” said Bob Snyder, CEO of Twin Rivers Paper Company. “As a market leader today in the lightweight packaging, publishing and label markets, this transaction strategically builds upon that foundation and is fully consistent with our business’ focus, short and long-term.”