An affiliate of Peak Rock Capital, an Austin, Texas based private equity firm, has sold Atlas Paper Holdings, Inc. to a subsidiary of Resolute Forest Products, Inc.

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Peak Rock Capital affiliate sells Atlas Paper

Nov 18, 2015. /Lesprom Network/. An affiliate of Peak Rock Capital, an Austin, Texas based private equity firm, has sold Atlas Paper Holdings, Inc. to a subsidiary of Resolute Forest Products, Inc., as the company said in the press release received by Lesprom Network.

An affiliate of Peak Rock Capital acquired Atlas Paper Mills in 2013, followed by the acquisitions of Accurate Paper Holdings and Atlas Southeast Papers in 2014 to create Atlas Paper.

Peter Leibman, Managing Director of Peak Rock Capital, said, "We are very proud of our success at Atlas Paper starting with augmenting and retaining an outstanding management team led by Jim Brown and then supporting the Company's rapid growth through expansions into new channels and product categories, as well as making strategic add-on acquisitions and capital investments to extend Atlas' existing capabilities."

Moelis & Company acted as the financial advisor and McDermott Will & Emery acted as the legal advisor to the Company on the transaction.

Atlas Paper is a Miami, Florida based manufacturer of tissue products, utilizing virgin and recycled fiber.