Madawaska, Maine – May 5, 2026 – Twin Rivers Paper Company (“Twin Rivers”), a leading producer of specialty paper products, today announced the acquisition of Potsdam Specialty Paper Inc. (“PSPI”), a recognized leader in the development and manufacturing of specialty latex, acrylic, and other saturated base papers.
By integrating PSPI’s specialized product offerings and technical expertise, Twin Rivers enhances its ability to deliver high-performance, value-driven solutions to customers. The acquisition expands Twin Rivers’ footprint in specialty papers and further positions Twin Rivers as a comprehensive leading supplier of innovative fiber-based materials.
“This strategic acquisition adds exciting new papermaking capabilities to Twin Rivers’ portfolio,” stated Tyler Rajeski, Chief Executive Officer of Twin Rivers. “PSPI’s strong focus on product development and customer collaboration aligns closely with Twin Rivers’ core competencies and builds upon our commitment to innovation, operational excellence, and customer-focused growth. We’re excited to welcome Mike Huth and the dedicated Potsdam team to Twin Rivers, and we look forward to being a part of the Potsdam community.”
“We greatly appreciate the engagement and support from New York State,” added Rajeski. “Their unwavering commitment to the Potsdam mill’s future has been instrumental in our ability to preserve good manufacturing jobs in Potsdam for hard-working New Yorkers.”
The PSPI acquisition adds 26,000 tons of annual production capacity to Twin Rivers’ asset base. With specialized on-machine capabilities including latex saturating, nonwoven/synthetic fiber handling and wet creping, extensive color capabilities, and an advanced off-machine coater, the Potsdam, New York, mill produces highly engineered papers for a wide range of market sectors. Applications include tape base, abrasive backer, durable label, medical (sterilization), wallpaper base, wide format digital substrates, durable book cover and high-end retail packaging.
“The Potsdam team is energized by the opportunity to join the Twin Rivers Paper team. Twin Rivers boasts a solid portfolio of papermaking assets, which will be complemented by our strengths in Potsdam,” said PSPI Chief Executive Officer Mike Huth. “We’re excited about the ability to build upon our mutual legacy of papermaking excellence, enhance the value we bring to existing Potsdam customers with the expertise and resources of Twin Rivers Paper, and serve new customers.”
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About Twin Rivers Paper Company
Twin Rivers Paper Company, headquartered in Madawaska, Maine, is an integrated specialty paper manufacturer producing half a million tons of paper per year for the publishing, label, technical and packaging sectors. With a legacy of 100 years of papermaking history, the company operates a pulp mill in New Brunswick and diverse paper assets in northern Maine and upstate New York that produce uncoated and coated specialty papers in a broad range of basis weights and finishes. Customized product development and dedicated technical services support are company hallmarks. With U.S. ownership by Atlas Holdings and Blue Wolf Capital, a sound financial structure and a strong balance sheet that fuels continuous investments in its assets, Twin Rivers Paper offers its customers the security of local product availability and the assurance of long-term viability. For more information, visit www.twinriverspaper.com.
About Potsdam Specialty Paper
Potsdam Specialty Paper Inc. (PSPI) is recognized as a worldwide leader in researching, developing, and manufacturing specialty latex, acrylic, and other saturated base papers.
Media Contact Caryn King caryn.king@twinriverspaper.com
