WVFA Winter 2018-19

I N D U S T R Y N E W S www.wvfa.org Winter 2018–2019 |  West Virginia Forestry Association Mountain State Forestry 7 Glatfelter Specialty Papers Sold P.H. GLATFELTER, THE SPRING GROVE-BASED PAPER MANUFACTURING COMPANY, announced that it finalized the $360 million sale of its specialty papers division to a private investment firm. Lindsay Goldberg, the investment firm, has re-branded the division as Pixelle Specialty Solutions, drawing on the name of Glatfelter’s Pixelle inkjet paper product line, the company announced on Oct. 31. Steve Klinger, affiliate partner with Lindsay Goldberg and chairman of the new Pixelle Specialty Solutions, said that by the time Lindsay Goldberg has invested in a company, they’ve already begun identifying—and developing plans to leverage— that company’s strengths. “In Pixelle’s case, their strength is an excellent, category-leading product portfolio and excellent relationships with customers,” Klinger said. “That’s a great foundation to build on.” Tim Hess, president of the specialty papers division under Glatfelter, will remain at the helm as president of Pixelle Specialty Solutions under Lindsay Goldberg, according to a news release. Contact us today! www.llmpubs.com | 800-647-1511 Advertise to Support Your Association!