Pixelle, a Portfolio Company of H.I.G. Capital, Announces Agreement to Sell Stevens Point Facility to Ahlstrom

In The News
April 3, 2025

Ropes & Gray advised Pixelle Specialty Solutions, a portfolio company of H.I.G. Capital and leading high-end solutions provider in food and consumer packaging applications, in a definitive agreement to sell its Stevens Point, Wisconsin facility to Ahlstrom Oyj, a global leader in fiber-based specialty materials. The transaction was announced in an April 3 press release.

Headquartered in Spring Grove, Pennsylvania, Pixelle is a leading manufacturer of specialty papers, with operations across North America. 

The Ropes & Gray team included private equity partners PJ Sullivan and Carl Marcellino, finance partners Nichole Lopez-Tackett, Chris Poggi and Alex Robb, tax partners Adam Greenwood and Sam Duncan, environmental partner Peter Alpert, employment partners Stephanie Bruce and Richard Kidd, executive compensation & employee benefits partner Matt Jones, IP transactions partner Regina Penti, antitrust partner Jackie Grise, and private equity associate Kim Ton-That.