The Watermill Group Acquires Environmentally Sustainable Paper Manufacturer

* Reuters is not responsible for the content in this press release.

Mon Nov 9, 2009 9:00am EST

The Watermill Group Forms FutureMark Paper Company to Serve Fast-Growing "Green
Paper" Market
LEXINGTON, Mass.--(Business Wire)--
The Watermill Group announced today that it has acquired the Alsip manufacturing
facility of the Madison Paper Company from Myllykoski Group. Watermill Group has
renamed the newly acquired paper manufacturer FutureMark Paper Company in
alignment with the company`s intent to cater to the fast-growing, underserved
North American market for environmentally friendly paper. FutureMark Paper
Company has the only manufacturing facility in the United States capable of
producing up to 100 percent recycled coated paper for magazines and catalogs. 

Located just outside Chicago, in the heart of the U.S. print market, FutureMark
Paper Company`s innovative manufacturing plant was designed and equipped to
produce high-quality paper in the most environmentally sustainable way. The
facility`s sustainable manufacturing practices and superior paper products -
made with the highest percentage of recycled fiber available anywhere in the
world - are attractive to magazine publishers, catalog companies and the growing
number of other organizations interested in printing on environmental-grade
paper. In addition to the traditional #5 coated paper, a new premium #4 grade
and food label products have been recently introduced. All products are made
from recovered fiber and have been very well received by the market. 

"We were drawn to this paper manufacturer for its green technology and its
ability to offer a one-of-a-kind product in an otherwise commoditized market,"
said Steven Karol, Founder and Managing Partner of The Watermill Group. "We
believe FutureMark Paper Company is well positioned and well capitalized to make
tremendous gains in the emerging market for environmentally friendly paper.
We`re pleased to add FutureMark Paper Company to our investment portfolio." 

The Watermill Group brings strong assets to FutureMark Paper, including new
management, an infusion of marketing expertise and capital investments to expand
capacity. The new company will be led by newly appointed President and CEO
Stephen Silver, an experienced chief executive with a successful track record of
leading companies through marketing transformations that result in dramatically
improved sales and profits. Most recently Mr. Silver drove the successful
turnaround of office furniture manufacturer Teknion LLC. Prior to that, he held
leadership positions in the printing and paper industry including President and
CEO of Azon Corp. and North American President of International Paper`s Ilford
Photo business. FutureMark Paper intends to retain the Alsip workforce and key
senior management including Steven C. Smith, VP and plant manager and Brendan
Lesch, VP of Sales and Marketing. 

"The management team at FutureMark Paper Company sees a very promising future in
North America for environmental-grade paper," said Steve Silver, FutureMark`s
new chief executive officer. "Our existing customers can expect a seamless
transition and count on FutureMark to provide the same high quality products and
service for which Alsip is known. At the same time, we believe we can also
attract the growing number of magazine, catalog and Sunday insert publishers who
wish to use paper with a high percentage of recycled content - not just because
it`s good for the environment, but because it`s also good for business. We`re
looking forward to partnering with these companies to accelerate the market
shift toward recycled magazine-grade papers." 

About The Watermill Group

For nearly three decades, The Watermill Group has been acquiring and improving
companies. By providing the resources and expertise to drive strategic and
operating change, Watermill helps companies reach their true potential as
thriving businesses capable of supporting jobs and contributing to their local
communities. Watermill partners have over 140 years of combined executive
management experience with extensive expertise in a wide variety of industries.
The firm focuses on investing in companies where there is the opportunity to
enhance performance through strategic change, operating improvements, or balance
sheet realignments. 

About FutureMark Paper Company

FutureMark Paper Company is an environmental paper manufacturer that produces
high-quality paper with an unmatched level of recycled content. As the only
company in North America capable of manufacturing up to 100 percent recycled
coated mechanical printing paper, FutureMark Paper is committed to helping its
customers achieve their environmental objectives without compromising on paper
quality or performance. By delivering the future standard for
environmental-grade paper today, FutureMark Paper is aggressively growing its
position as the preferred paper partner for North America`s sustainability
leaders. For more information, please visit www.FutureMarkPaper.com. 

FutureMark is a trademark of FutureMark Paper Company.

CXO Communication
Tein Atkerson, 973-743-3908
tein@cxocommunication.com


Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.