U.S. Producer of Recycled Coated Paper Acquired by Private Equity Firm
The Watermill Group brings strong assets to FutureMark Paper, including new management, an infusion of marketing expertise and capital investments to expand capacity. The new company will be led by newly appointed President and CEO Stephen Silver, an experienced chief executive with a successful track record of leading companies through marketing transformations that result in dramatically improved sales and profits. Most recently Mr. Silver drove the successful turnaround of office furniture manufacturer Teknion LLC. Prior to that, he held leadership positions in the printing and paper industry including President and CEO of Azon Corp. and North American President of International Paper’s Ilford Photo business. FutureMark Paper intends to retain the Alsip workforce and key senior management including Steven C. Smith, VP and plant manager and Brendan Lesch, VP of Sales and Marketing.