Hivest Capital Partners completes buyout of Sustana

Private equity firm Hivest Capital Partners has completed its acquisition of Sustana, a North American maker of specialty recycled fibre and sustainable paper with mills in the United States and Canada. Hivest has named Kevin Richard chief executive and intends to pursue an operational excellence programme along with selective add-on acquisitions in North America. Financial terms were not disclosed.

Why this mattersPrivate equity ownership and a stated buy-and-build mandate point to further consolidation in North American recycled fibre and sustainable paper.

• Hivest Capital Partners has completed its acquisition of Sustana.
• Sustana traces its origins to the Rolland Paper Company, founded in 1882.
• Sustana operates integrated recycled fibre and paper mills in the United States and Canada.
• Kevin Richard has been appointed chief executive officer of Sustana.
• Hivest plans an operational excellence programme covering safety, mill reliability, energy and raw material efficiency.
• Hivest intends selective add-on acquisitions in North America; deal terms were not disclosed.

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