Industrial Assets Corp. completed the purchase of Appleton Coated LLC, as the company said in the press release received by Lesprom Network.
Industrial Assets Corp. is a California-based corporation specializing in capital financing acquisition and sale of distressed manufacturing companies.
Going forward, Appleton Coated will continue limited operations while working with Industrial Assets to secure a strategic buyer that plans to operate at full capacity. To that end, Appleton Coated will be taking/processing orders and has stock of its Utopia, C1S, Reincarnation and Ethos products.
Appleton Coated is a manufacturer and distributor of coated, uncoated, specialty and technical papers sold under the Ethos®, Utopia® and other brand names.
