KPS sold various assets and business owned by Curtis Papers to various buyers, including Curtis Fine Papers, Ltd. (UK), HMU, Inc., and Dunn Paper Company, Inc.

KPS created Curtis Papers, Inc. (“Curtis”) to purchase the specialty paper and premium papers businesses of Crown Vantage, pursuant to a 363 sale of assets in the Chapter 11 bankruptcy proceeding of Crown Vantage. Curtis purchased three U.S. paper mills located in Michigan, Massachusetts, New Jersey and related assets in Virginia. Curtis also purchased the stock of Curtis Papers, Ltd., which consisted of two premium paper mills in Scotland.


The Specialty Papers business of Curtis was a leading manufacturer of premium uncoated and coated papers for a wide range of end use markets including food service, flexible packaging, label and release and custom converting. The Premium Papers business of Curtis was a manufacturer of text, cover and other premium printing grades. The Scottish mills manufactured premium papers under the name of Curtis Classic throughout Europe.

The hourly employees in the U.S. were represented by the Paper, Allied-Industrial, Chemical and Energy Workers International Union (PACE), who introduced KPS to the investment opportunity.

Curtis sold its European business to a management-led buyout in 2002, now operating as Curtis Fine Papers, Ltd.

Curtis sold its Virginia facility to HMU, Inc. in 2002.

Curtis sold its Michigan paper mill to a management-led buyout in 2003, now operating as the Dunn Paper Company, Inc.

© Copyright 2017, KPS Capital Partners, LP.  485 Lexington Avenue, 31st Floor, New York, NY 10017  |  |  Contact Us

The information set forth in the materials on this site does not purport to be a complete summary of KPS or its investments. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in such materials. No reliance may be placed for any purpose on the information and opinions contained in such materials or their accuracy or completeness and nothing in such materials may be relied upon in making any investment decision. Certain information on or linked to from this site is furnished by or is derived from materials furnished by outside sources. KPS does not assume responsibility for independent verification of such information and has relied on such information being complete and accurate in all material respects. Any information presented by outside sources represents the understandings and opinions of such outside sources, which may differ from those of KPS.  Any performance information included in any document on or linked to from this site is presented for illustrative purposes only and is not indicative of the future returns of any of the funds managed by KPS and there can be no assurance that such funds will achieve comparable results, be able to avoid losses or be able to implement their investment strategies.