Atlas Holdings has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation with a strategic presence in the growing markets of the Pacific Northwest and Western Canada. Terms of the transaction were not disclosed.
Port Townsend Paper Corporation is a leading provider of high-quality recycled and virgin kraft containerboard, kraft pulp and specialty products in Port Townsend, Washington. The two converting facilities, known as Crown Packaging and Boxmaster, operate with extensive customer reach and distribution capabilities throughout British Columbia and Alberta.
Atlas also announced the appointment of paper and packaging industry executive Randy Nebel as Chairman of the Crown Board of Directors. Nebel has extensive experience in the sector, having previously served as President and CEO of Verso Corporation and President of Longview Paper & Packaging.
Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 26 companies, which employ approximately 50,000 associates across more than 300 facilities worldwide.
