NEW YORK, October 5, 2016 – One Rock Capital Partners, LLC (“One Rock”) announced today that one of its affiliates has signed a definitive agreement to acquire North Pacific Paper Company, LLC (“NORPAC”). Financial terms were not disclosed, and the transaction is expected to close during the fourth quarter of 2016.
Located in Longview, Washington, NORPAC is a leading manufacturer of newsprint and various publication paper products. The company, which was established as a joint venture between Weyerhaeuser Company (“Weyerhaeuser”) and Nippon Paper Industries (“NPI”), supplies products to customers throughout North America and internationally. The acquisition of NORPAC follows Weyerhaeuser’s strategic review of its Cellulose Fibers business.
Tony W. Lee, Managing Partner of One Rock commented: “NORPAC has an excellent reputation in the newsprint and publication market as a provider of products with superior quality. We are excited to work alongside NORPAC’s management team to continue the development of new products that meet our customers’ constantly-evolving specifications.”
“The One Rock team is eager to have the opportunity to provide both relevant knowledge and operating expertise in the markets in which NORPAC operates. We are confident that management’s superior track record for performance, combined with One Rock’s operational and strategic resources, will catalyze NORPAC’s continued growth and profitability,” One Rock Managing Partner R. Scott Spielvogel added.
One Rock Operating Partner John Georges was instrumental in the due diligence process and has been deeply involved in planning for the operation of NORPAC under One Rock’s ownership.
One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. One Rock also has a unique strategic relationship with Mitsubishi Corporation, which can provide strategic resources to One Rock and its portfolio companies, including access to potential new business partners, market intelligence, and low-cost sourcing through increased purchasing power globally.
One Rock Capital Partners, LLC: (212) 605-6000