Dunn Paper Sold 09/30/2016

Dunn Paper transformed itself from a closed-down, one mill operation in Port Huron, MI to a highly profitable specialty paper and tissue business with 6 mills across the U.S. Meriturn acquired certain assets of Curtis Paper, restarted the mill, installed operating metrics and disciplined tools, and built the team that transformed Dunn Paper. We are thrilled for the management team, which has remained with the acquirer. The Company was bought by Arbor August 2016.

Meriturn sold its remaining stake in Dunn Paper and generated a 39% IRR and 6.2x return on investment.