Pixelle Sells Paper Mills Including Chillicothe Plant

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Chillicothe’s Pixelle Specialty Solutions, along with other affiliated paper mill plants have been sold to an affiliate of H.I.G. Capital, according to a press release issued April 4th.

Pixelle was formed by private investment firm Lindsay Goldberg in 2018. Terms of the agreement were not disclosed.

The Chillicothe paper mill employs approximately 1,000 people.

Along with Chillicothe, Pixelle has mills in Pennsylvania, Maine and Wisconsin.

H.I.G. Capital has assets totaling $48 billion.

“Together with Lindsay Goldberg, Pixelle has developed a broad, innovative portfolio of industry leading brands across the specialty papers and sustainable packaging markets,” according to Timothy Hess, Pixelle’s CEO.

“In under four years, we have transformed Pixelle into the leading specialty-focused paper producer in North America through three strategic acquisitions and successful implementation of a continuous improvement program. We thank Lindsay Goldberg for their partnership and look forward to our next chapter with H.I.G. Capital.”