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Sold a leader in recycled pulp to a strategic buyer that could leverage the Company’s knowledge and success to improve its own operations.


Cleary Gull Inc. advises Fox River Fiber Company, LLC in its recapitalization by an affiliate of H.I.G. Capital, LLC and Rolland Enterprises Inc.

Cleary Gull Inc. is pleased to announce that Fox River Fiber Company, LLC (“Fox River”) has been recapitalized by an affiliate of H.I.G. Capital, LLC (“H.I.G.”). Fox River will be combined with Rolland Enterprises Inc. (“Rolland”), which was acquired by an H.I.G. affiliate in 2014. Cleary Gull acted as exclusive financial advisor to Fox River.

Fox River is a leading “green” manufacturer of premium de-inked recycled pulp produced using post-consumer waste paper. Fox River operates out of a highly automated state of the art facility. The Company’s products are sold to paper mills for use in printing and writing, tissue and towel, and Food and Drug Administration (“FDA”) grade recycled paper applications.


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