Burrows Paper Corp. has agreed to sell its Packaging Division operations to Novolex™ and sell its Paper Division operations to Twin Rivers Paper Co. Burrows is a privately owned, worldwide supplier of paper and packaging solutions, specializing in light weight paper applications and new product development. Based in the U.S., Burrows’ associates operate four paper mills and six packaging converting facilities. The company has been in operation for nearly 100 years. The transactions are expected to close in the fourth quarter of 2016.
Novolex™ is a leading North American company that serves the retail, grocery, food service, hospitality, institutional and industrial markets. It will acquire the operations located in Franklin and Mt. Vernon, Ohio; Reno, Nev.; Ft. Madison, Iowa; Kerkrade, the Netherlands; and Heshan, China. Twin Rivers Paper Co., headquartered in Madawaska, Maine, is an integrated specialty paper company that produces specialty packaging, label and publishing papers, as well as dimensional lumber. Twin Rivers will acquire operations located in Little Falls and Lyonsdale, N.Y., and Pickens, Miss.
“Our decision to sell Burrows to these two great companies is the right one for the continued success of our customers, employees and communities,” said Phil Paras, President and Chief Operating Officer of Burrows Paper. “I’m confident that our people are positioned to truly prosper and grow with Novolex and Twin Rivers. For nearly a century, we have taken great pride in our ability to develop long-term relationships with customers based on trust and the ability to provide for, and anticipate, their needs through innovation and initiative. I know that will continue under new ownership. The story of Burrows and its rich history is moving on to its next chapter and I am confident in what the future holds.”
