Parent company of Jay mill sold to Florida-based firm

The parent company of an Androscoggin County mill has been acquired by an affiliate of a Florida-based firm, the company announced on Monday.

Pennsylvania-based Pixelle Specialty Solutions LLC was bought by an affiliate of Miami-based H.I.G. Capital, a global alternative investment firm, for an undisclosed amount, the company said.

Formed in 2018, the leading producer of specialty paper in North America ran mills in Chillicothe, Ohio; Spring Grove, Pennsylvania; Stevens Point, Wisconsin; and Jay, Maine. The four mills operated 11 paper machines altogether and produced more than a million tons of paper annually.

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