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Thursday, April 19, 2012

The Watermill Group Vision

Continuing it strategic vision of recycling recycled paper mills, the Watermill Group acquires bankrupt Manistique Papers (which produces 100% recycled uncoated paper grades) to complement its 2009 acquisition of FutureMark Paper Company (which produces 100% recycled coated paper grades).  Both companies will share a common CEO but will operate separately while achieving economies of scale.  This 2011 article states that their "green" business strategy rewards the company with 2-5% above average industry prices.  No word though on how sister company MultiLayer Coating Technologies, LLC (acquired from Polaroid in 2006) is doing (other than they have some equipment for sale).