Gridiron Capital Announces Royal Paper’s Acquisition of Sun Paper, Strengthening Royal Paper’s National Capabilities
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Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Royal Paper, a leading vertically integrated private label consumer packaged goods company focused on tissue manufacturing, has acquired Sun Paper Company (“Sun Paper”), a top supplier of high-quality bath, towel, napkin, and facial tissue in the Southeast.
“Our vision is to build on Royal Paper and Sun Paper’s legacy of quality, flexibility, and reliability to become the preferred private label partner for our customers’ paper categories,” said Steve Schoembs, VP Sales, Royal Paper. “Together, we will help our customers grow their paper categories by consistently delivering high quality, sustainable, and branded products at a leading value to consumers.”
Kevin Otero, Royal Paper CEO said, “We are excited to continue to build upon the entrepreneurial spirit of the family founders of both Sun and Royal. We share similar, and complementary, cultures with a strong focus on serving the customer through long-standing relationships. This alignment gives us a bedrock foundation to build upon.”
Sun Paper has earned the reputation as a top supplier of high-quality bath, towel, napkin, and facial tissue in the East. With headquarters on opposite sides of the country, Royal Paper in Arizona and Sun Paper in South Carolina, the combined company has strengthened its national capabilities for its blue-chip customers across the country. The combined platform is a recycled and sustainable paper industry leader in North America, holding FSC, Green Seal, and Rainforest Alliance Certifications.
Joe Salgado, Sun Paper President said, “Sun Paper is excited to partner with Royal Paper and Gridiron Capital. Together with Royal, we are poised to better satisfy the growing demand for quality private label and sustainable products. Flexibility, operational excellence, and a customer-centric approach will continue to be the pillars that define our success.”
The combined company will continue to build on its reputation for providing quality products for leading Retail and Away-From-Home brands. The additional capacity and increased footprint will also ensure continued high-quality service and affordable prices for blue-chip national customers.
Kevin Jackson, Managing Partner, Gridiron Capital, said “The partnership with Sun Paper and Royal Paper is a key step in our shared strategic vision. The combined entity will position Royal Paper to be the preferred partner in private label tissue and increase our capacity for fulfilling demand to the East Coast.”
Will Hausberg, Managing Director, Gridiron Capital, added, “We are excited to support the Royal Paper team and their vision to expand their reach with consistent quality products and a leading position in the recycled space.”
