Expera Specialty Solutions has closed a deal for Thilmany Papers for an undisclosed amount.
Kaukauna, Wisc.-based Thilmany makes and sells packaging paper, pressure-sensitive paper and industrial paper.
New York private equity firm KPS Capital Partners LP announced in May that it was buying the specialty paper businesses of Wausau Paper Corp. (NYSE: WPP) and Packaging Dynamics in two separate deals, to create Expera.
Kohlberg & Co.-backed Packaging Dynamics, which make specialty paper products, sold Thilmany.
Kohlberg is a Mount Kisco, N.Y.-based private equity firm that invested in De Pere, Wisc.-based Packaging Dynamics in 2005.
Ropes & Gray LLP partners William Shields, Eric Elfman, Aaron Harsh, Loretta Richard, Peter Alpert and Steve Rutkovsky acted as legal counsel to Packaging Dynamics on the deal.