Monadnock Paper Mills, Inc. Welcomes New Director of Supply Chain and Logistics

Headquartered in Nova Scotia, Port Hawkesbury Paper (PHP) is the leading producer of supercalendered papers in North America, manufacturing SCA+ and SCA++ products for use in catalogs, magazines and retail inserts, as well as specialty papers. The company’s paper production capacity includes three thermomechanical (TMP) pulp lines that supply high-quality fiber to the papermaking process. PHP ships its products to customers throughout North America and around the world. “Port Hawkesbury Paper is pleased to support Two Sides North America because we share similar objectives when it comes to the long-term sustainability of our company, our industry and the resources that supply us,” says Port Hawkesbury Co-Manager Bevan Lock. “Our aim is to provide long-term ecological, social and cultural sustainability while managing and maintaining a sustainable wood supply and economic viability for our company, local wood suppliers and sawmills.”

Appvion announced completion of the sale of substantially all of the Company’s assets to a group of its lenders led by Franklin Advisers, Inc. The transaction will significantly reduce Appvion’s debt, provide additional liquidity, and better position the Company to compete long-term in the evolving specialty paper market and further invest in the innovation that has made it a market leader. As previously announced, the sale was approved by the U.S. Bankruptcy Court for the District of Delaware on May 14, 2018. The total consideration was approximately $365 million, plus the assumption of substantial liabilities, including many of the Company’s contractual obligations. Prior to the closing of the transaction, the Company reached agreement with the United Steelworkers Union on new collective bargaining agreements for Appvion’s manufacturing facilities in Appleton, Wisconsin, West Carrollton, Ohio, and Roaring Spring, Pennsylvania. The new three-year agreements, which were ratified at the end of May, cover approximately 830 Appvion employees. Click Read More below for additional information.

Full Year Highlights *We achieved an improvement in our safety recordable incident rate by approximately 30 percent. *Net sales of $1,028.5 million increased 30 percent compared to 2020, primarily driven by organic volume growth, pricing actions and the impact of the acquisition of Itasa. *In April 2021, we acquired Itasa, a leading global coater and converter of release liners used in hygiene, tapes, industrial labels, composites and various other end markets. The purchase price was $240.2 million, and in the first nine months of ownership, Itasa has generated incremental net sales of $106.9 million. *We executed several operational initiatives, including a $13 million investment in new coating capacity starting up in 2023, closure of our Appleton, Wisconsin facility to save $7-8 million annually, and restarting an idled asset to support growth in premium packaging. *We made meaningful progress on key environmental, social and governance initiatives, including actions designed to reduce energy usage, water consumption and greenhouse gases, recognition through leading sustainability rating agencies (including EcoVadis Gold Medal in Spain and Silver Medal in all other locations) and advancements in the diversity of our Board of Directors (with half identifying as female or underrepresented minorities).