Potsdam Specialty Paper acquired by Maine-based company

TOWN OF POTSDAM, New York (WWNY) – A company headquartered in Maine has purchased Potsdam Specialty Paper Inc.

Twin Rivers Paper Company announced on Tuesday that it has acquired the mill, which it described as “a recognized leader in the development and manufacturing of specialty latex, acrylic, and other saturated base papers.”

“This strategic acquisition adds exciting new papermaking capabilities to Twin Rivers’ portfolio,” said Tyler Rajeski, CEO of Twin Rivers. “PSPI’s strong focus on product development and customer collaboration aligns closely with Twin Rivers’ core competencies and builds upon our commitment to innovation, operational excellence, and customer-focused growth.”

“The Potsdam team is energized by the opportunity to join the Twin Rivers Paper team. Twin Rivers boasts a solid portfolio of papermaking assets, which will be complemented by our strengths in Potsdam,” said PSPI CEO Mike Huth. “We’re excited about the ability to build upon our mutual legacy of papermaking excellence, enhance the value we bring to existing Potsdam customers with the expertise and resources of Twin Rivers Paper, and serve new customers.”

Twin Rivers says the acquisition adds 26,000 tons of annual production capacity to its asset base.

“With specialized on-machine capabilities including latex saturating, nonwoven/synthetic fiber handling and wet creping, extensive color capabilities, and an advanced off-machine coater, the Potsdam, New York, mill produces highly engineered papers for a wide range of market sectors. Applications include tape base, abrasive backer, durable label, medical (sterilization), wallpaper base, wide format digital substrates, durable book cover and high-end retail packaging,” the company said.

Twin Rivers also owns two other paper mills in New York, including one in Lyons Falls and another in Little Falls.