H.I.G. Capital Affiliate Completes Acquisition of the Cascades Fine Papers Group from Cascades, Inc.
MIAMI, July 2, 2014-- H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm, announced today that an affiliate has teamed with management to complete the acquisition of the Cascades Fine Papers Group (“Rolland” or the “Company”) from Cascades, Inc. The Company will be re-named Rolland Enterprises, the former name of the business prior to joining Cascades, Inc.
Headquartered in Saint-Jérôme, Quebec, Rolland is the market leader in the production of specialty fine papers using recycled fibers and the undisputed highest standards for environmental sustainability. The Company produces fine papers with up to 100% post-consumer waste content and targets a diversified base of customers in commercial, B2B, government and education segments. Additionally, CFPG also has a long history as a leading producer of security papers, including paper used in passports, visas, tax stamps and checks.
Rolland’s facilities include the Rolland paper mill and converting center in Saint-Jérôme, Quebec, as well as the deinking facility in Breakeyville, Quebec. The fully vertically integrated platform enables the Company to control quality and cost while maintaining its reputation for superior product performance.
Ricky Stokes, Managing Director of H.I.G. Capital, said, “The Company is the industry leader with a long track record of producing innovative, high-quality products and the highest level of environmental sustainability. We are pleased to support the team in their growth and continued success.”
Daniel Parrot, President and COO of Rolland Enterprises, added, “This transaction provides stability and growth opportunities for all Rolland employees, customers, and suppliers. We are excited about the future of the business and the partnership with H.I.G.”
About the Fine Papers Group of Cascades, Inc.
Headquartered in Saint-Jérôme, Quebec, CFPG is the market leader in the production of ecological fine papers and security papers. CFPG produces fine papers with 100% and 30 – 50% post-consumer fiber and security papers such as Vital Records, Passports and Visas. The Company maintains three facilities including a deinking facility in Breakeyville, Quebec, and a paper mill and converting center in Saint-Jérôme, Quebec.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $15 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 80 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
Ricky Stokes, 305-379-2322
Fabian de Armas, 305-379-2322
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