Amzak Capital Management, Boca Raton, Fla., USA, has sold its portfolio company KPAQ Industries LLC to Hood Container Corp., New Johnsonville, Tenn. Amzak acquired KPAQ, a virgin containerboard and kraft paper mill located in St. Francisville, La., in 2010 out of bankruptcy proceedings.

    

Michael Kazma, president of Amzak, said that "we are very proud to have been able to rescue the St. Francisville mill from a difficult situation and, with the help of our skilled and dedicated employees, position it to now become an important part of a first-class packaging organization. 

This was also made possible by the support of Louisiana state and local government, including notably the Louisiana Department of Economic Development and the Parish of West Feliciana."

 

Amzak is a private investment firm owned by the Kazma family. Amzak's current portfolio is comprised primarily of direct equity investments, fixed income securities, and real estate projects.