American Securities Capital Partners, LLC (ASCP), a New York-based middle market private equity firm and management has acquired FiberMark North America, Inc. and Redbridge UK Ltd. from FiberMark Holdings, LLC. Terms of the transaction were not disclosed.
FiberMark is a leading producer of fiber-based specialty materials including wetlaid and meltblown nonwovens. FiberMark has seven manufacturing facilities in the U.S., as well as an operation in the U.K. FiberMark’s management team will continue the company in partnership with ASCP.
Anthony MacLaurin, President and Chief Executive Officer of FiberMark said, “We are looking forward to investing with American Securities to further grow FiberMark. Whether through acquisitions such as our June 2007 addition of Permalin, or through innovation such as the recent launch of our 100% recycled-content Reprise line for packaging and printing, FiberMark will continue to expand both in products and in geographical markets. We relish our longstanding customer relationships while continually seeking new application and markets.”
Fibermark emerged from Chapter 11 bankruptcy protection in January 2007 as a private company. Prior to this, it was publicly listed on the New York Stock Exchange. Earlier this decade Fibermark sold its engine filter media business and much of its industrial filter media business to Ahlstrom.