SMART Papers Acquired by Plainfield Asset Management, Now Expanding Operations
Needham said SMART Papers is now well capitalized to expand sales and distribution of its products to North American paper merchants, printers, designers and corporations. The company has capacity to produce 120,000 tons of paper annually on its three paper machines and 22 casting drums.
About SMART Papers
SMART Papers is the largest independent North American manufacturer and marketer of premium cast-coated, matte-coated and uncoated printing, text, cover and writing papers. The company markets a wide range of premium papers, including the well-known brands of Kromekote®, Knightkote® Matte, SMART Digital™, Pegasus®, Carnival®, Synergy®, Passport®, Genesis®, Benefit®, Magna Carta® and SMART Brights®.
About Plainfield Asset Management
Based in Greenwich, Connecticut, Plainfield Asset Management is an investment advisor registered with the Securities and Exchange Commission. Plainfield manages in excess of $2 billion of investment capital for institutions and high net worth individuals based in the United States and abroad. The firm was founded in February 2005 by Max Holmes, and the Plainfield Special Situations Master Fund was launched in May 2005.