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H.I.G. Capital completes acquisition of Pixelle Specialty Solutions

H.I.G. Capital completes acquisition of Pixelle Specialty Solutions

H.I.G. Capital, a leading global alternative investment firm with over $49 billion of equity under management, has completed the acquisition of Pixelle Specialty Solutions Holding LLC.

Timothy Hess, Pixelle’s Chief Executive Officer, said, “Pixelle has developed a broad, innovative portfolio of industry leading brands across the specialty papers and sustainable packaging markets. In the nearly four years under Lindsay Goldberg ownership, we have transformed Pixelle into the leading specialty-focused paper producer in North America through three strategic acquisitions and successful implementation of a continuous improvement program. We are proud of our accomplishments and look forward to accelerating our growth and development with H.I.G. Capital. We expect the transition to be seamless as we remain focused on providing quality products and service to our customers.”

“We are thrilled to partner with Tim and the management team, who have a proven track record of building a best-in-class business and providing the highest levels of quality and service for their customers,” said Tenno Tsai, Head of North American Industrials at H.I.G. “We are excited about the combination of H.I.G.’s value-added partnership with Pixelle’s differentiated capabilities in technically demanding specialty papers to embark on the next phase of growth.”

Pixelle Specialty Solutions LLC is a leading producer of specialty substrates for label products, food packaging, industrial applications, commercial and digital printing, and other specialty applications including sustainable packaging. With a legacy of papermaking that dates back to 1864, Pixelle is headquartered in Spring Grove, Pennsylvania, with specialty paper production facilities in Chillicothe, Ohio; Jay, Maine; Spring Grove, Pennsylvania; Stevens Point, Wisconsin; and Fremont, Ohio.

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