A private investment firm has bought paper recycling company Manistique Papers for an undisclosed amount.
The acquisition by The Watermill Group, of Lexington, Mass., was approved by a court after an auction and confidential bidding, the company said in a news release.
The purchase adds to Watermill’s holdings of environmental paper manufacturers, which also includes FutureMark Paper Co., a leading producer of recycled coated paper. The deal gives Watermill companies in both the coated and uncoated, 100-percent recycled paper market...
