Pixelle Announces Sale of Stevens Point Facility to Ahlstrom

Deal News | Apr 03, 2025 | Ropes & Gray

Pixelle Specialty Solutions, a portfolio company of H.I.G. Capital and a leader in high-end food and consumer packaging, announced a definitive agreement to sell its Stevens Point facility to Ahlstrom Oyj, a global leader in fiber-based specialty materials. The transaction was advised by Ropes & Gray, a law firm with a comprehensive team of private equity, finance, tax, environmental, employment, IP, and antitrust specialists. The move highlights strategic portfolio realignment by H.I.G. Capital and the expanding reach of Ahlstrom in the specialty materials sector. Pixelle, headquartered in Spring Grove, Pennsylvania, operates across North America and remains a prominent manufacturer in the specialty papers industry.

Sectors

  • Private Equity
  • Legal Advisory
  • Specialty Paper Manufacturing
  • Fiber-Based Specialty Materials

Geography

  • United States – Pixelle is headquartered in Spring Grove, Pennsylvania, and operates in North America.
  • Finland – Ahlstrom Oyj, the buyer, is based in Finland.

Industry

  • Private Equity – H.I.G. Capital is involved in the transaction as it is the private equity firm owning Pixelle.
  • Legal Advisory – Ropes & Gray provided legal advisory services for the transaction.
  • Specialty Paper Manufacturing – Pixelle is a leading manufacturer in this industry with operations across North America.
  • Fiber-Based Specialty Materials – Ahlstrom Oyj operates in this industry as a global leader.

Financials

    Participants

    NameRoleTypeDescription
    Pixelle Specialty SolutionsTarget companyCompanyA portfolio company of H.I.G. Capital, specializing in specialty paper manufacturing.
    H.I.G. CapitalSelling companyCompanyA private equity firm and the owner of Pixelle.
    Ahlstrom OyjBidding companyCompanyA global leader in fiber-based specialty materials.
    Ropes & GrayLegal AdvisorCompanyA law firm that advised Pixelle on the transaction.