H.I.G. Completes Recapitalization of Fox River Fiber in Wisconsin
![](http://www.naylornetwork.com/ppi-otw/assets/foxfib1.jpg)
H.I.G. Capital LLC, Miami, Fla., USA, a global private equity investment firm, announced this week that its affiliate has completed the recapitalization of Fox River Fiber LLC. Fox River will be combined with Rolland Enterprises Inc., a producer of recycled fine papers and security papers, acquired by an H.I.G. affiliate in 2014.
"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." the company said in its initial release.
Headquartered in De Pere, Wis., USA, Fox River (pictured right) is a "green" manufacturer of premium deinked pulp produced using post-consumer wastepaper. 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 (FDA) grade recycled paper applications.
"Fox River Fiber is an industry leader with a long track record of producing superior quality deinked 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," said Ricky Stokes, managing director of H.I.G. Capital.
"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," added Greg Archambault, CEO of Fox River.
Based out of Saint-Jérôme, Que., Canada, Rolland is a producer of ecological fine papers and security papers. The company produces fine papers with 100% and 30% post-consumer fiber and security papers for applications including vital records, passports, and visas. The company maintains three facilities, including a deinking facility in Breakeyville, Que., and a paper mill and converting center in Saint-Jérôme.
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