Market: Printing & Writing Papers
Posted October 13, 2017
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.