Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Chrysalis Capital Partners Acquire Holliston Mills
Print
Philadelphia, Pennsylvania, USA, 20 August 2007 --(Business Wire)-- Chrysalis Capital Partners, a private equity firm focused on "special situation" investments, today announced that its affiliate, Holliston LLC, has completed the acquisition of substantially all of the assets of The Holliston Mills, Inc., the nation’s largest domestic value-added producer of coated cloth materials for book covers and other bound materials, security documents, specialty packaging, and other industrial products. Holliston LLC will maintain its operations in Church Hill, Tennessee.

The business was sold pursuant to a court order auction and section 363 sale of assets under the U.S. Bankruptcy Code. The U.S. Bankruptcy Court in Delaware approved the sale to Chrysalis on 30 July 2007.

“The management team at Holliston Mills is thrilled to have found a financial and operational partner in Chrysalis,” said Lawrence Maston, president and CEO of Holliston. “We look forward to working with them to advance the company’s processes, products, and services, and continue to uphold our market-leading position.”

“Holliston has a strong history of delivering top quality materials to its customers. We are excited for this opportunity to collaborate with management to further enhance the company’s operations and cultivate its long-term success,” said Greg Segall, managing partner of Chrysalis Capital Partners.

Pepper Hamilton LLP advised Chrysalis and Holliston LLC and National City Business Credit has provided credit facilities to Holliston LLC. Young, Conaway Stargatt & Taylor LLP and Palomino Capital LP served as counsel and financial advisor to the seller, respectively.

About Chrysalis Capital Partners

Philadelphia-based Chrysalis Capital Partners, Inc. is a private equity investment firm with USD 300 million in committed equity capital under management. Chrysalis focuses on “special situation” investments including turnarounds, restructurings, reorganizations, and recapitalizations in a wide range of industries and circumstances throughout the United States. For more information, visit www.ccpfund.com.

About Holliston

Holliston is the world’s largest producer of coated materials for the publishing, security, specialty packaging, and industrial markets. For more information, visit www.holliston.com



Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: