Cleary Gull Inc. is pleased to announce that Fox River Fiber Company, LLC (“Fox River”) has been recapitalized by an affiliate of H.I.G. Capital, LLC (“H.I.G.”). Fox River will be combined with Rolland Enterprises Inc. (“Rolland”), which was acquired by an H.I.G. affiliate in 2014. Cleary Gull acted as exclusive financial advisor to Fox River.

Fox River is a leading “green” manufacturer of premium de-inked recycled pulp produced using post-consumer waste paper. Fox River operates out of a highly automated state of the art facility. The Company’s products are sold to paper mills for use in printing and writing, tissue and towel, and Food and Drug Administration (“FDA”) grade recycled paper applications.