Twin Rivers forms leadership team
June 10, 2013 – Twin Rivers Paper Company has acquired controlling interest in Atlas Holdings and Blue Wolf Capital Partners and is forming a new leadership team to help build a growing, profitable business.
Adam Blumenthal, managing partner of Blue Wolf, Tim Fazio, managing partner of Atlas Holdings, and new Twin Rivers' CEO Tim Lowe, join existing board members in setting the strategic direction for the company.
The new management team brings years of leadership experience in the forest products industry. Lowe and Gosse led the successful operational and financial turnaround of Northern Resources Nova Scotia Corporation, an integrated forest products company located in Pictou, N.S.
Before their work at Northern, Lowe held multiple operational positions at Domtar, including general manager of the Woodlands, Maine pulp mill. Gosse held multiple finance positions at Neenah Paper and Kimberly Clark.
Twin Rivers, with facilities in Edmundston and Plaster Rock, N.B., and Madawaska, Maine, has been a vital economic engine for the region for more than 80 years, producing specialty papers and lumber for a variety of markets. The new leadership team will build upon the existing foundation with a view to improving market focus and increasing profitability. The company is committed to investing capital to achieve these goals. The strategy’s key points are:
- Ensuring exceptional manufacturing capability in lightweight papers and expanding specialty markets.
- Operating more efficiently and safely.
- Expanding sawmill operation and lowering wood costs.
- Local management and committed ownership.
"We welcome the early support received from employees, union leaders, community stakeholders and government partners to collaborate on a successful business strategy," says Lowe. "We begin the transition today with a 12 to 18-month plan to ensure Twin Rivers can compete and thrive long-term in the extremely competitive forest products industry."