KPS Inks Deal With Kohlberg-Backed Co. For Paper Unit

Law360, New York (April 23, 2013, 3:24 PM EDT) -- A group of funds sponsored by private equity firm KPS Capital Partners LP agreed Monday to purchase the Wisconsin-based Thilmany Papers business unit from a packaging and paper company backed by private equity firm Kohlberg & Co. LLC, continuing its consolidation of the state's specialty paper industry.

A new company currently under formation will run Thilmany's mills after combining them with Wausau Paper's Mosinee and Rhinelander, Wis., mills, which KPS purchased last month, according to a statement by Kohlberg-owned seller Packaging Dynamics Corp.

A sale price...
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