Bridgeview, Illinois – Forest Resources LLC today announced the acquisition of the equipment and business of Weyerhaeuser Corporation’s Valley View facility (“Valley View”) by Ivex Packaging LLC (“Ivex”), a subsidiary of Forest Resources.
The addition of the Valley View assets increases Ivex’s sales and production capability of numerous specialty single face products including lamp-wrappers, cohesive pads, case ready pads for meat and poultry processors, egg-sleeves, and vertical organizers and pads for consumer and beverage products. Howard Brennan, President of Ivex Packaging, said, “We are very excited about the addition of the Valley View assets. The business is a perfect fit for Ivex as it not only expands our product offerings so that we can better service our customers, but positions us well for future growth within the specialty packaging sector.”
Ivex Packaging LLC is a specialty packaging company serving Fortune 500 companies and operating from 7 manufacturing facilities located throughout North America. Its product offerings range from micro-wave and cold-seal packaging to single-face corrugated lamp wraps and laminated products. Ivex Packaging is a subsidiary of Forest Resources LLC. Forest Resources is a fully-integrated paper and packaging company with headquarters in Bridgeview, Illinois. It is engaged in waste paper collection and the manufacture of a variety of recycled paper, paperboard, and packaging products. Forest Resources operates from 14 manufacturing facilities in the United States and Canada.
Forest Resources LLC is an affiliate of Atlas Holdings LLC. Atlas Holdings is a private holding company with interests in the wood products, specialty steel, paper and packaging, industrial services and capital equipment sectors. Atlas Holdings combines capital, industrial experience and transactional expertise to grow businesses with a long-term perspective. Over the past twenty five years, the principals of Atlas Holdings have undertaken more than 300 transactions and, in partnership with capable management teams, have built more than 40 companies in a variety of industries, including basic manufacturing, industrial distribution and services, financial services and media. For more information on Atlas Holdings, please refer to its website www.atlasholdingsllc.com.