New structure for International Paper’s former industrial business

Officials from the Mt. Kisco, New York-based Kohlberg & Company, LLC, an affiliate of which acquired the Industrial Papers Business from International Paper today, have announced the identity and organization structure under which its newest portfolio company will operate effective immediately.

The new company is named Thilmany, LLC and has operational headquarters in Kaukauna, Wis. where Oscar Thilmany founded the original Thilmany Pulp & Paper Company in 1883. The paper mills in Kaukauna and De Pere, Wis. will operate as Thilmany Papers; the converting operation in Kaukauna as Thilmany Packaging; and the release products facilities in Menasha, Wis., Lancaster, Ohio and Heerlen, The Netherlands will operate as Akrosil.
Thilmany, LLC will be governed by a Board of Managers consisting of principals of Kohlberg & Company; a non-operating chairman and a president and chief executive officer, who will be responsible for the overall operations of the company.