Pixelle Specialty Solutions Holding (Pixelle), a provider of fibre-based specialty solutions in North America and portfolio company of Lindsay Goldberg, is to be acquired by an affiliate of alternative investment firm HIG Capital (HIG).
Terms of the transaction have not been disclosed.
Pixelle was formed in 2018 by Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Pixelle has built an industry-leading four-mill specialty paper platform with mills in Chillicothe, OH; Jay, ME; Spring Grove, PA; and Stevens Point, WI. Collectively the mills operate 11 paper machines and produce more than one million tons of paper annually.