Private equity investment firm PCG Capital Partners made an investment in Lincoln Paper and Tissue LLC, a high-end niche paper and tissue manufacturer.
PCG, La Jolla, CA, invested $35 million in subordinated notes and equity. Management also invested $1 million in equity in this transaction. LaSalle Business Credit LLC offered the senior financing.
Lincoln owns a fully integrated pulp, paper and tissue mill. The Lincoln, ME, company manufactures high bulk uncoated printing papers used in direct mail applications and business reply cards. It also makes specialty napkin and tissue rolls for independent, private label and specialty converters.
Melissa Campanelli covers postal news, CRM and database marketing for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters