Docstoc

Gorham Paper and Tissue Positioned as Success Story on CBS Evening News

Document Sample
Gorham Paper and Tissue Positioned as Success Story on CBS Evening News Powered By Docstoc
					     Gorham Paper and Tissue Positioned as Success Story on CBS
                          Evening News
  New Hampshire based specialty paper business featured on CBS Evening News as a success
  story linked with the release of Q1 GDP numbers, reporting a 23% increase in sales volume
                                        year-over-year

Gorham, New Hampshire, April 30, 2013 - The migration of Gorham Paper and Tissue from a
shuttered paper mill to a viable tissue, towel and specialty paper operation with over 200
employees and demonstrated sales growth was featured on the CBS Nightly News (April 26,
2013). The segment highlighted a 23% increase in year-over-year sales volume for Gorham due
to an enhanced energy platform, newly installed state-of-the-art tissue machine and sharpened
focus on delivering highly engineered products for demanding niche applications.

“We epitomize a good news story. With the support of Patriarch Partners and the hard work of our
employees, we are transforming our business day-by-day. Gorham started operating in 1852 and
has progressively built a legacy of expertise in producing challenging technical papers. Until
recently that unique capability was overshadowed by an uncompetitive cost structure,” said Dick
Arnold, President and CEO. “By optimizing our energy platform and anchoring our business to the
stability and growth of the towel and tissue markets, we can focus on capturing market share in
the specialty papers market.”

In the specialty arena, Gorham manufactures a tremendous range of papers that includes bags,
pouches, wraps and liners for food packaging, substrates engineered with application-specific
technical properties such as flame retardance, absorbency or light fastness and versatile high-
yield converting grades.

Brian McAlary, Vice President of Sales and Marketing added, “Maintaining a strong tissue and
towel business is the backbone of our strategic plan with our specialty paper business serving as a
key contributor to our success. We are poised for growth with some of the most flexible
equipment in the industry, our extensive experience in barrier coating technology and a business
model built around customization. The market is telling us we have targeted the right micro-
segments with a solid service and product platform. Given the changing market dynamics, it
should be a great year for Gorham.”

Patriarch Partners purchased Gorham in May of 2011 looking for vertical integration with another
forest products portfolio company, Old Town Fuel and Fiber. The two operations deliver synergy as
Old Town manufactures the primary raw material (pulp) required to make paper and represents a
secure source of supply for Gorham.

A link to the CBS Evening News segment is available on the Gorham website.

About Gorham Paper and Tissue:
Gorham targets niche technical markets with a broad portfolio of custom-engineered Specialty
Packaging, Converting, Engineered and Printing Papers in addition to Tissue and Towel. Using
scale and leanness as an advantage, the company challenges industry convention with its
manufacturing flexibility, product development lead times and go-to-market strategy.

In May 2011, the Gorham facility was acquired with support from investment funds managed by
Patriarch Partners, LLC (Patriarch). Patriarch is a private equity firm and holding company
managing 75 companies across 14 industry sectors with revenues in excess of $8 billion.

Founded by Lynn Tilton in 2000, Patriarch focuses on the acquisition and invigoration of
undervalued iconic American brands where time, capital and sound strategy can rescue a business
and restore its value, creating and preserving jobs in America. Under Ms. Tilton's leadership,
Patriarch has become the largest woman-owned business in America with companies in its
platform providing employment to more than 120,000 persons.

Contact:
Pam Miller
Gorham Paper and Tissue
72 Cascade Flats
Gorham, NH 03581
603-342-2000
pam.miller@gorhampat.com
http://www.gorhampt.com

                                              ###

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:2
posted:5/1/2013
language:English
pages:2
Description: New Hampshire based specialty paper business featured on CBS Evening News as a success story linked with the release of Q1 GDP numbers, reporting a 23% increase in sales volume year-over-year