Anthony DiSimone, CEO of Peak Rock Capital, said, "Atlas is a great example of our interest in investing in middle market businesses that can benefit from our resources and expertise to enhance their growth and strategic position; it also highlights our continued interest in the manufacturing and consumer product sectors."
Peter Leibman, Managing Director of Peak Rock Capital, added, "Atlas has a strong competitive position as a supplier of 'green' tissue products with long-standing customer relationships. We believe Atlas is an excellent platform for expansion through organic growth and strategic add-on acquisitions and are excited to work with the Company's outstanding management team in pursuing these opportunities."
Joe Tadeo, CEO of Atlas Paper Mills, commented, "We are very pleased that Peak Rock is investing in Atlas and believe we will benefit from Peak Rock's knowledge of the industry and resources to support investments in strengthening and expanding our core business. This is an exciting time for Atlas, and we look forward to growing our business in partnership with our customers, suppliers and employees."
Atlas Paper Mills is a Miami, FL based manufacturer of tissue products, utilizing recycled fiber. Atlas supplies private label and branded bath tissue, towels and facial tissue to a diversified mix of customers in the away-from-home and value retail channels. Atlas produces approximately 34,000 tons of recycled tissue products per year and converts approximately three million cases of tissue and towels.