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Resolute Acquires Atlas Paper for $156M

Resolute Acquires Atlas Paper for $156M

Resolute Forest Products Inc., Montreal, has announced its acquisition of Atlas Paper Holdings Inc., a manufacturer of tissue products based in Miami, for $156 million.

“This is a step-change acquisition that provides us with an immediate position in the multibillion-dollar North American consumer tissue market,” says Richard Garneau, president and chief executive officer of Resolute Forest Products. “We’re following through on our strategy toward the Resolute of the future with an acquisition that capitalizes on our unique ability to capture synergies by integrating forward our U.S. market pulp assets. This acquisition also gives us immediate tissue industry experience as we work toward bringing our Calhoun tissue project online by early 2017.”

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