H.I.G. Capital, LLC, a leading global private equity investment firm, announced that its affiliate has completed the recapitalization of Fox River Fiber, LLC. Fox River will be combined with Rolland Enterprises Inc., a market leader in the production of recycled fine papers and security papers, which was acquired by an H.I.G. affiliate in 2014.
Headquartered in De Pere, WI, Fox River is a leading “green” manufacturer of premium de-inked recycled pulp produced using post-consumer waste paper. Fox River operates out of a highly automated state of the art facility. The Company’s products are sold to paper mills for use in printing and writing, tissue and towel, and Food and Drug Administration grade recycled paper applications.
Ricky Stokes, Managing Director of H.I.G. Capital, said, “Fox River Fiber is an industry leader with a long track record of producing superior quality de-inked recycled pulp with the highest level of environmental sustainability and efficiency. Fox River and Rolland are highly complementary businesses. We are pleased to support the team in their growth and continued success.”
Greg Archambault, CEO of Fox River, said, “This transaction sets Fox River up for significant growth over the next few years, benefiting employees, suppliers and customers. We are excited about finding ways for Fox River and Rolland to work together to expand our footprint and provide a better experience for our customers.”