Port Townsend Paper mill, parent firm purchased
PORT TOWNSEND — Port Townsend Paper Corp., one of Jefferson County largest employers with more than 300 workers, has been acquired by Atlas Holdings, a private investment and equity firm located in Greenwich, Conn., according to a press release from the company.
The acquisition was part of a larger transaction that included Crown Paper Group, a holding company created in 2015, and acquired Port Townsend Holdings Company, which includes the Port Townsend paper mill in Port Townsend; the Crown Packaging plant in Vancouver, B.C.; the Boxmaster packaging plant, also in Vancouver; and Distribution Centers in Kelowna, B.C., and Calgary, Alberta.
Terms of the transaction were not disclosed.
-snip-
Atlas Holdings is a private equity firm founded in 2002. According to its website, the firm prefers to invest in numerous varied industries in addition to paper products and packaging.
https://www.msn.com/en-us/money/companies/port-townsend-paper-mill-parent-firm-purchased/ar-AA12WUNq