Twin Rivers Paper Company announced the sale of its Pine Bluff, Arkansas unbleached kraft paper mill to American Kraft Paper Industries, an affiliate of global industrial group American Industrial Acquisition Corporation (AIAC). Terms of the transaction were not disclosed.
Twin Rivers Paper acquired the Pine Bluff kraft paper manufacturing and distribution business from the Mondi Group in 2018. In the six years since acquisition, Twin Rivers invested substantially in the Pine Bluff mill to enhance production efficiency and capacity while expanding its product offering.
Twin Rivers Paper Company, headquartered in Madawaska, Maine, is an integrated specialty paper manufacturer producing half a million tons of paper per year for the publishing, label, technical and packaging sectors.
American Industrial Acquisition Corporation (AIAC) is a diversified industrial group with manufacturing and distribution sites in 24 countries in North America, Europe, and Asia.
