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Forest Resources LLC Announces Purchase of Assets of Roman Corporation Limited

Posted on: Wednesday, 10 May 2006, 18:06 CDT

Forest Resources LLC today announced the closing of its acquisition of substantially all the assets of Roman Corporation Limited ("Roman") by CANAMPAC ULC, a new subsidiary of Forest Resources. Forest Resources purchased the assets of Roman pursuant to a sale process organized under the Canadian bankruptcy process. Roman had filed for protection under the Companies' Creditors Arrangement Act (CCAA) on January 31, 2006.

CANAMPAC is a leading manufacturer of paperboard packaging for the consumer packaged goods industry. The Company's products are the packaging choice for some of the most recognizable national and private label brands in North America. Consumer goods packaged with the Company's products range from frozen and dry foods to beverages, pet products, powdered laundry detergent, light bulbs, batteries and hardware. CANAMPAC is comprised of the Strathcona Paper and Boehmer Box businesses. Strathcona is a coated recycled board mill located in Napanee, Ontario that produces a range of coated recycled board products for customers demanding high standards in printability and short lead times. Boehmer Box is a world class folding carton facility located in Kitchener, Ontario that produces high quality converted products with a significant presence in private label food packaging.

Larry Richard, CEO of Forest Resources, announced the following executive appointments; Gael Mourant as President of CANAMPAC, Mark Caines as President and Chief Operating Officer of Boehmer Box and Bryan Best as Senior Vice President and General Manager of Strathcona Paper.

Richard also commented, "Forest Resources' family of businesses now includes 950 employees operating from six states and two provinces. We are extremely pleased with the acquisition of Boehmer Box and Strathcona. We have added significant new products, capabilities and geography, as well as talented management and an excellent workforce. With the financial strength of Forest Resources, CANAMPAC will be better positioned to service its customers and broaden its capabilities."

Forest Resources LLC 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. With the addition of CANAMPAC ULC, 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 and industrial services sectors. Atlas Holdings combines capital and industrial experience to build successful 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 their website www.atlasholdingsllc.com.

Source: Business Wire

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