Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company Midwest Paper Group Holdings, Inc (Midwest Paper) to McKinley Paper Company, a subsidiary of Bio Pappel SA de CV (Bio Pappel), a manufacturer of paper and packaging products in North and Latin America.
IOP acquired Midwest Paper in December 2019.
The divestiture represents IOP’s first investment realisation from its USD450 million third fund, Industrial Opportunity Partners III.
Terms of the transaction have not been disclosed.
