Atlas Holdings Acquires USA-Based Crown Paper Group - Papermart
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Atlas Holdings Acquires USA-Based Crown Paper Group

Leading West Coast Paper and Packaging Company joins Atlas Holdings’ gobal family of manufacturing and distribution businesses. Paper industry executive Mr. Randy Nebel has been appointed as the Chairman of the Board.

October 12, 2022 

Atlas Holdings

Atlas Holdings has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation with a presence in the Pacific Northwest and Western Canada.

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Washington-based Port Townsend Paper Corporation is a leading provider of high-quality recycled and virgin kraft containerboard, kraft pulp and speciality products. The two converting facilities, known as Crown Packaging, and Boxmaster, operate with extensive customer reach and distribution capabilities throughout British Columbia and Alberta.

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Atlas Holdings also announced the appointment of paper and packaging industry executive Randy Nebel as Chairman of the Crown Board of Directors. Nebel has extensive experience in the sector, having previously served as President and Chief Executive Officer of Verso Corporation, a leading North American producer of graphic, speciality and packaging paper and market pulp, and President of Longview Paper & Packaging, a leading manufacturer of high-quality containerboard, corrugated products and other speciality papers.

“Atlas planted its roots in paper when we were founded with the purchase of a single corrugated medium mill in Indiana, preserving jobs and transforming operations to lay a strong foundation for future growth. Now, more than two decades later, paper, packaging and allied industries remain an important and growing sector for Atlas. We’re thrilled to welcome the Crown team and excited to get to work in building an even stronger company,” said Atlas Holdings’Co-Founder and Managing Partner Tim Fazio.

“We’ve invested significant resources and partnered with companies at an inflection point in their journey, and we view Crown as another opportunity to put this experience to work. Today, these companies, including Finch Paper, Iconex, Marcal, Millar Western Forest Products and Twin Rivers Paper Company, are leaders in their markets,” added Atlas Partner Sam Astor.

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“Atlas has owned and operated businesses that have similar operations and footprints as Crown, including paper mills, packaging manufacturers and wood products leaders with operations in the U.S. and Canada. In each case, these companies have been strong economic engines in their local economies. As such, we bring a unique set of capabilities and relevant experience to our partnership with Randy and the Crown Team,” said Janet O’Neil, Senior Vice President at Atlas Holdings.