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Blackstone Tactical Opportunities Announces Acquisition of Sustana

Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging

Blackstone (NYSE:BX) announced today that funds managed by its Blackstone Tactical Opportunities business (“Blackstone”) have acquired Sustana Group (“Sustana” or the “Company”), a leading manufacturer of premium, sustainable recycled fiber, paper and packaging products, from an affiliate of H.I.G. Capital (“H.I.G.”).

Headquartered in De Pere, Wisconsin, Sustana uses post-consumer materials and the high standards for environmental sustainability to produce a comprehensive suite of recycled fiber, paper and packaging solutions for customers throughout North America. It services a diversified customer base through four facilities, all of which have leading energy efficiency, water conservation systems, wastewater treatment technology and recycling of process by-products.

Andrea Serra, a Managing Director at Blackstone, said: “The increasing focus on environmental sustainability by businesses and consumers alike is one of Blackstone’s highest conviction investment themes – and we are proud to back Sustana, a fast-growing leader in this sector. We look forward to partnering with the company and its management team to continue accelerating their further expansion as they deliver leading sustainability products and solutions to their customers.”

Fabian De Armas, CEO and Chairman of Sustana, said: “Blackstone’s investment is a strong endorsement of our Company and our highly talented team, and launches an exciting new chapter for Sustana. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.”

TD Securities served as financial advisor to Blackstone, and Weil, Gotshal & Manges; Davies Ward PhillIps & Vineberg; and Simpson Thacher & Bartlett LLP served as legal advisors.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About Sustana

Sustana Group, comprised of Sustana Fiber and Rolland, is committed to industry-leading product quality, continuous improvement and environmental stewardship – by innovating solutions that are better for business, better for the environment and better for society at large. Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. For more information visit: https://www.sustanagroup.com/

WYNNCHURCH CAPITAL, L.P. TO ACQUIRE APPVION

Wynnchurch Capital, L.P. today entered into a definitive agreement to acquire a majority of the  assets of Appvion Holding Corp. and its subsidiaries. 

“We are very excited to share that Appvion has a new sponsor. This sponsorship will enable new  investments, continued expansion, and additional resources that we collectively need to  accelerate growth in our AMS and Packaging & Specialty Coatings businesses. We see this as a  terrific opportunity to continue delivering the same great Appvion value our customers expect  while remaining fast, flexible, and responsive. Wynnchurch shares our values of safety, integrity,  and honesty and putting the customers first to deliver value. We are excited to partner with them  to pursue our next phase of growth.” said George Wurtz, Appvion’s President, Chief Executive  Officer & Chairman of the Board. 

“We are very excited to partner with George and the Appvion leadership team to continue to  deliver superior products and services to their customers as well as accelerating their future  growth plans in AMS and Packaging.” said Greg Gleason, Managing Partner at Wynnchurch  Capital Partners L.P. Wynnchurch Capital manages a number of private equity funds with $4.2  billion of committed capital under management and specializes in recapitalizations, growth  capital, management buyouts, corporate carve-outs and restructurings. They focus on leveraging  a business’s strengths and identifying new market opportunities to support management’s  vision—with an unwavering commitment to sound business judgment, partnership,  communication, and integrity. 

The deal was completed on December 3, 2021. 

About Wynnchurch Capital, L.P.  

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an  office in California, New York and an affiliate in Canada, was founded in 1999, and is a leading  middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle  market companies in the United States and Canada that possess the potential for substantial  growth and profit improvement. 

About Appvion 

Appvion was founded in 1907 and is a pioneer in the specialty and high-performance coatings  business. Headquartered in Appleton, Wisconsin, Appvion develops innovative, water-based,  and environmentally responsible coating solutions for consumers’ everyday life. Appvion’s  functional coating solutions are applied to a wide variety of flexible substrates, including  products from an FDA-compliant facility. Primary product offerings include direct thermal  paper and film solutions and renewable, fiber-based consumer and industrial packaging  solutions. As a leading manufacturer in North America, you can count on Appvion to tackle  your customers’ biggest challenges. Connect with us on Twitter and LinkedIn to learn more.

Augmented & Virtual Reality for Flexographic Printing Demonstration & Discussion

Augmented & Virtual Reality for Flexographic Printing Demonstration & Discussion

We would like to invite you to a special demonstration and discussion on how mixed reality (augmented reality and virtual reality) applications may provide the tools to train employees in flexographic printing. Our Learning Innovations team will demonstrate mixed reality applications and answer questions on how custom applications can be developed. We will also discuss grants that may be available to develop these applications.

Date: Thursday, December 16, 2021  |  9:00 am – 11:00 am

Location: D.J. Bordini Center  |  Appleton  |  Room BC141

Please register by clicking this link

We’ll offer a Microsoft Teams option when we get closer to the event, for those who have registered, but can’t attend in person.

For more information contact:

Dave Wuestenberg

Economic Development Manager

Office: 920-831-5416

Email: wuestenb@fvtc.edu

Fox Valley Technical College

5 N Systems Drive ● Appleton, WI  54914-1655

Green Bay Innovation Group

Bringing Green Bay Companies Together. Green Bay Innovation Group is committed to building an authentic networking experience where innovation can thrive.

Contact Information

Phone: 608-698-3333 
martinpochs@gmail.com
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