Nip Impressions logo
Fri, May 20, 2022 01:06
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Appvion announces purchase of new equipment

APPLETON (From news reports) -- Soon after the company was sold to a new owner, Appvion announced the purchase of new equipment.

Wynnchurch Capital, L.P. took over the Appleton-based company formerly known as Appleton Papers in December. Wynnchurch is a private equity firm headquartered in Rosemont, Illinois, near Chicago.

Meanwhile, Appvion on Thursday announced "a significant investment in new equipment."

"This is the largest single investment made in our Appleton plant for many years and marks the start of a new and exciting journey for the Appvion team," CEO Laurie Andriate said in a news release. "The investment provides many benefits for Appvion and our customers, including elimination of 'double-handling' of rolls to improve productivity as well as safety of our people."

When asked to explain more about the new equipment, an Appvion spokesperson wrote, "(w)e are not disclosing the investment of our new curtain coating technology due to the competitive nature of the business we operate. While we do invest in our facility every year with normal capital investments, this is a significant deviation from that."

Appvion makes direct thermal coatings for labels and films, along with packaging products.

You get lots of valueless email, sign up for newsletters that can promote your career.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: