The Watermill Group Acquires Environmental Paper Producer Manistique PapersApril 17, 2012
Steve Silver, who will lead both Manistique and FutureMark, commented, “We believe we can help bring new value and opportunity to Manistique’s operation while expanding FutureMark’s leadership in environmental paper. As reflected by our success with FutureMark, which saw revenues climb 15 percent in a declining market last year, we’ve found a business model for the paper industry that works, and we’re eager to apply this strategy to Manistique while allowing both organizations to flourish as separate, focused operations. The customers of each operation will now have a much wider array of environmental papers to choose from.”
Each company holds a unique position in the paper industry: Manistique Papers is the only North American company making high-value uncoated printing and writing paper exclusively from 100-percent recycled fiber; and FutureMark Paper is the only North American company making 100-percent recycled coated publication paper.
Together, Manistique and FutureMark will collaborate to grow the market for recycled paper, share best practices, achieve operational efficiencies and further reduce the environmental impact of their production processes. Both organizations are expected to realize economies of scale by combining raw materials sourcing, deinking technology, freight and logistics. Customers of Manistique and FutureMark will gain convenient access to a much broader range of recycled paper products.
The Watermill Group is a strategy-driven private investment firm that revitalizes companies to drive superior returns. For over three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses at a crossroads and applies a unique combination of strategic insight and management expertise to drive growth. The Watermill Group’s other current portfolio companies include C&M Corp. and MultiLayer Coating Technologies.