Edmundston, NB (June 17, 2014) – Twin Rivers Paper Company, a leader in the industry, has been implementing its operational improvement plan since a majority interest in the company was acquired by Atlas Holdings and Blue Wolf Capital Partners in June, 2013. This improvement plan included a complete review of odor reduction at the pulp mill in Edmundston.
“We’ve gathered a lot of best practice information on odor reduction technology in similar pulp mills and now we can confidently move forward with completing our own odor reduction project,” said Tim Lowe, CEO. “Work has commenced in the last few weeks and will continue over the next few months.”
Major tie-ins were done during a scheduled two-day maintenance shut down that occurred June 3-5. Phase one will be the completion of the construction part of the project. Phase two will involve a gradual start-up and calibration process of the odor reduction technology.
“We couldn’t be happier to hear that Twin Rivers is going forward with odor reduction at the mill,” said Edmundston Mayor Cyrille Simard. “Since taking ownership last year, the team at the mill has been doing good work to improve operations. We’re pleased they’re making odor reduction a priority.”
Twin Rivers does not anticipate there will be any disruption to residents or businesses during the construction phase of this project.
“We work every day to create a sustainable business that will grow and thrive over the long-term,” said Lowe. “We are invested in our community and we are proud to be carrying forward with a project of such importance to the people who live and work here every day.”
Twin Rivers has been a vital economic engine for the region for over 80 years, producing a wide range of specialty paper and lumber products.
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About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that invests in companies in which effective management of relationships with complex constituencies, such as government and labor, can change organizations and create value. For additional information, please visit www.blue-wolf.com.
About Atlas Holdings
Atlas Holdings is a diversified group of manufacturing, distribution, service and trading businesses that operates in the building materials, capital equipment, energy, industrial services, packaging, pulp, paper, and tissue, steel, and logistics, supply chain management and distribution segments. With a unique and focused approach, Atlas Holdings has built companies and entered new industries, centered around investing in businesses undergoing complex financial and operational challenges, developing exceptional management teams joined by a shared set of values and common culture, and deploying the Atlas operating system. For additional information, please visit www.atlasholdingsllc.com.