Owner of Jay mill to enter agreement to sell to another investment firm

SUN JOURNAL • April 4, 2022

Pixelle Specialty Solutions Holding, owner of the Androscoggin paper mill, announced Monday it entered an agreement to sell the Pennsylvania-based company to H.I.G. Capital. H.I.G is a leading global alternative investment firm with $48 billion of equity capital under management. Pixelle bought the Androscoggin Mill and associated properties from Verso Corp. in early 2020.