New deal U.S. Twin Rivers Paper Company has announced the sale of the firm’s Pine Bluff, Arkansas unbleached kraft paper mill to American Kraft Paper Industries.
American Kraft Paper Industries is an affiliate of global industrial group American Industrial Acquisition Corporation (AIAC), Twin Rivers Paper Company said in a statement.
“Twin Rivers Paper acquired the Pine Bluff kraft paper manufacturing and distribution business from the Mondi Group in 2018. In the six years since acquisition, Twin Rivers invested substantially in the Pine Bluff mill to enhance production efficiency and capacity while expanding its product offering,” according to the statement.
The value of the deal was not disclosed.