PaperWorks has acquired CanAmPac, ULC, including coated recycled board (CRB) producer Strathcona Paper and folding carton manufacturer Boehmer Box.
“Forest is a good example of an Atlas-style investment; development and execution of a long-term plan to improve the performance of under-appreciated or underperforming assets, accretive add-on acquisitions and strong partnership and collaboration among management, Operating Partners and Atlas’ professionals,” said Andrew Bursky, Atlas Managing Partner. “We often read about the ills of private equity investing – quick profits, complex structuring and financial engineering without improving the business. The success of the Forest Resources engagement over 16 years shows that a long-term approach focused on business improvement can produce great outcomes.”
CanAmPac’s Ontario-based Boehmer Box and Strathcona Paper manufacture paperboard and folding cartons for some of the most recognizable national and private label brands in North America. Strathcona Paper is the largest producer of coated recycled board in Canada while Boehmer Box is known for its high-quality, offset-litho printed folding cartons for food packaging applications.
“CanAmPac is a leading Canadian integrated paperboard and consumer packaging supplier. Its quality-oriented manufacturing and converting capabilities, coupled with a complementary customer base, make it an ideal addition to the PaperWorks portfolio,” said Kevin Kwilinski, president and chief executive officer, PaperWorks.
