Twin Rivers Paper sells Pine Bluff Arkansas based paper mill to American Kraft Paper Industries

Twin Rivers Paper Company
April 30, 2024
Category: Business & Politics
Region: United States, US East

MADAWASDKA, Maine — Twin Rivers Paper Company, a producer of specialty paper products, announced the sale of its Pine Bluff, Arkansas unbleached kraft paper mill to American Kraft Paper Industries, an affiliate of American Industrial Acquisition Corporation (AIAC). Terms of the transaction were not disclosed. Twin Rivers Paper acquired the Pine Bluff kraft paper manufacturing and distribution business from the Mondi Group in 2018. “The decision to sell the Pine Bluff mill furthers Twin Rivers’ strategy of prioritizing the growth of our core specialty papers business,” stated Tyler Rajeski, President of Twin Rivers Paper. “With AIAC’s founding principle of investing in the assets it acquires, we are confident the Pine Bluff business and its dedicated managers and employees will realize long-term success. 

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