Press Release

Pacon Corporation Acquires Roselle Paper Company

For more information, contact: Tom Smith, 414-727-6400 

APPLETON, WI (Oct. 8, 2014) – Pacon Corporation, a leading global supplier of education, art and craft products, announced today that it has acquired the assets of Roselle Paper Co. Inc. Under the terms of the agreement, Pacon acquired Roselle’s equipment, inventory and trade names.

Founded in 1964, Roselle is a producer of school, office and art products. The company serves the education, art and office markets through retailers, school distributors and wholesalers.

With the addition of Roselle, Pacon now offers customers a more complete line of products, strengthening its ability to be a single source of supply for education and art products. Coupled with Pacon’s advanced manufacturing and system technologies, customers can be confident in the company’s ability to deliver the best overall value, products of the highest quality and outstanding customer service.

According to Jim Schmitz, President/CEO of Pacon Corporation, “Key to Pacon’s mission is our ability to inspire lifelong learning, imagination and artistry by bringing our customers innovative and inspirational products and providing exceptional customer service. Roselle has filled an important niche in the market and has a strong history of delivering value to its customers. The entire Pacon team is committed to leveraging this strong foundation to bring even greater value to all of our customers.”

“Mason Wells is pleased to re-invest alongside the management team to support Pacon’s growth initiatives,” said Tom Smith, executive managing director of Mason Wells. He added, “The acquisition of Roselle’s assets achieves many of Pacon’s strategic initiatives, including diversification of its customer base and broadening its product offerings.”

Roselle’s assets and operations will be consolidated with Pacon’s facilities in Appleton, Wisconsin and Barrie, Ontario, Canada. Financial details of the transaction were not disclosed.

Equity financing for the transaction was provided by current investors and certain members of Pacon’s executive team and board of directors. Debt financing for the transaction was provided by members of Pacon’s existing lender group, which is led by U.S. Bank. Quarles & Brady LLP served as legal counsel to Pacon Corporation.

About Mason Wells

Mason Wells is a leading Midwest-based private equity firm that is currently investing through Mason Wells Buyout Fund III, a $525 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Outsourced Business Services, Consumer Packaged Goods, Engineered Products & Services and Packaging Materials & Converting. For more information related to Mason Wells, please visit the firm’s website at www.masonwells.com.

About Pacon

Pacon Corporation is a leading provider of education, art and craft products marketed globally through retailers, educational distributors and wholesalers. With facilities in Appleton and Neenah, Wisconsin, as well as Barrie, Ontario, Canada and Shropshire, United Kingdom, Pacon primarily sells its products into two markets: school and art. In the school market, Pacon is a leading converter and marketer of consumable school supplies sold under numerous brands, including Peacock®, Tru-Ray® and Fadeless® to the K-8 market. In the art market, Pacon is a leading converter and marketer of art papers sold primarily under the Strathmore Artist PapersTM brand to student, professional and recreational artists. For more information relating to Pacon, please visit www.pacon.com and www.strathmoreartist.com.

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