Pixelle Specialty Solutions to Acquire Specialty Papers Business of Appvion Operations
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Pixelle Specialty Solutions today announced that it has signed a definitive agreement to acquire the carbonless rolls and security papers business of Appvion Operations, Inc.
The agreement will not include any Appvion production assets.
Financial terms of the deal were not disclosed.
Pixelle said that carbonless rolls formerly manufactured by Appvion will be manufactured by the Pixelle specialty papers mill in Chillicothe, Ohio, and security papers formerly manufactured by Appvion will be manufactured by Pixelle or Pixelle supply partners.
"As a leader in specialty solutions, Pixelle is well-positioned to incorporate this product portfolio into our business, said Tim Hess, CEO of Pixelle. "Pixelle welcomes the opportunity to serve these customers, who we believe will benefit from our experience in providing these technically demanding grades."
The acquisition expands the Pixelle product portfolio by building on Pixelle's established brands of carbonless papers (ExcelOne® and Trans/Rite®) and adding DocuCheck® and DocuMark® security papers to Pixelle's existing brand (Defensa®).
Pixelle expects the transaction to close in April 2021.
