Industrials | Mergers & Acquisitions

Sun Paper has been Acquired by Gridiron Capital’s Royal Paper

  • TM Capital served as exclusive financial advisor to Sun Paper in its sale to Royal Paper, a portfolio company of Gridiron Capital
  • Sun Paper is a leading supplier of high-quality bath, towel, napkin, and facial tissue to the private label, retail markets in the Eastern United States – leveraging a 30-year family legacy in the tissue converting space
  • With manufacturing sites on opposite sides of the country, Royal Paper in Arizona and Sun Paper in South Carolina, the combined company has increased its capacity and strengthened its national capabilities
  • TM Capital managed an effective sale process during the difficult conditions of the pandemic that limited access to Sun Paper’s converting facilities
  • Royal Paper is a leading vertically integrated private label consumer packaged goods company focused on tissue manufacturing with a strong market position in the Southwestern United States and with national accounts
  • Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders

Client Testimonial

TM Capital was instrumental in guiding and advising our family to find the most qualified buyer for our business.  As a family business of 30 years, choosing the right group to partner with to guide us throughout the process was absolutely essential and TM Capital was certainly the right choice.  They took the time to learn and understand our business thoroughly and were insightful and knowledgeable of our industry.  From the very beginning through closing, TM Capital conducted a well-organized process with straight-forward, clear communication and professionalism.  We couldn’t ask for more."
- Joe Salgado, President, Sun Paper Company