Arbor Investments announced today that it has completed the acquisition of Dunn Paper, Inc., a Port Huron, Michigan based manufacturer of lightweight paper and tissue products from Dallas based Wingate Partners. Dunn, one of the premier specialty lightweight paper manufacturers in the United States, manufactures its products at six locations across the upper Midwest, East Coast and Ontario, Canada. Dunn specializes in custom paper solutions for their converting customers that meet demanding specifications from several of the top food and consumer products companies in North America. The current Senior Management team will continue to lead the organization.
“From 2003, Dunn has built an incredible business on a foundation of strong organic growth and excellent manufacturing execution combined with selective strategic acquisitions” said Richard Boos, Partner of Arbor Investments. “Dunn is a well-positioned company within the specialty paper business with a focus on food and consumer products end customers. We intend to leverage Arbor’s food expertise to further Dunn’s market penetration.”
Brent Earnshaw, Dunn’s CEO, commented, “Our focus on the food industry and also the broader consumer markets make Arbor a perfect fit for our Company. Arbor understands our value proposition and believes in the strategic focus of our Company. We are enthusiastic about the next phase of growth for Dunn.”
“The specialty paper sector presents a great investment opportunity,” added Arbor CEO, Gregory Purcell. “Dunn has a unique and compelling niche within the food packaging sector that we believe can be significantly expanded over the next several years. Going forward, we expect to deploy Arbor’s resources, capital and over 20 years of acquisition expertise to further expand Dunn’s reach and capabilities within the specialty paper industry.”
DLA Piper, LLP served as Arbor’s legal counsel in connection with the transaction.