Spring Grove-based Pixelle Specialty Solutions LLC (Pixelle) announced Monday that it has acquired two specialty papers businesses – Rollsource Corporation and Appvion Operations, Inc.
Rollsource, formerly owned by Veritiv Corporation, will provide Pixelle with the book of business primarily serving the forms printer market. The acquisition of Rollsource will also include a converting facility in Pittsburg, Kansas. Pixelle said it will retain key Rollsource employees to maintain continuity in operations, sales, and customer service.
Pixelle acquired Appvion’s carbonless rolls and security papers business, allowing Pixelle to serve new customers with Pixelle’s portfolio of ExcelOne and Trans/Rite carbonless papers and broad line Defensa security products. Pixelle will manufacture the carbonless roll products for former Appvion customers at Pixelle’s Chillicothe, Ohio specialty paper mill.
“The addition of carbonless rolls, security and related products along with a skilled group of professionals at Rollsource enables Pixelle to continue growing its specialty portfolio,” said Pixelle’s Chief Executive Officer, Timothy Hess. “These investments reinforce Pixelle’s commitment to provide best-in-class products and service to our customers.”
With mills in Chillicothe, Ohio; Jay, Maine; Spring Grove, Penn.; and Stevens Point, Wis., Pixelle operates 11 paper machines and produces more than 1 million tons of paper annually. Formed in 2018 by Lindsay Goldberg, a private investment firm, Pixelle has built an industry-leading specialty paper platform.
“A key component of Pixelle’s strategy is to take actions that result in customers viewing Pixelle as an active, valued partner in growing customers’ businesses,” said Lindsay Goldberg Affiliate Partner Steven Klinger, Executive Chairman of Pixelle. “Doing that well has developed Pixelle into the market leader it is today and enabled Pixelle to make acquisitions like these. Pixelle is a great example of how we invest in, partner with, and actively build businesses.”