American Industrial Partners Acquires Domtar Personal Care from Domtar Corporation

Paper Excellence Group Acquires Domtar

November 30, 2021

Manufacturing

Paper Excellence Group has completed its acquisition of Domtar, paying USD 55.50 per share and taking Domtar private. Domtar will operate as a stand‑alone business within the Paper Excellence Group with its existing management team remaining in place; Domtar common stock will be delisted from the NYSE and TSX.

American Industrial Partners Acquires AGCO's Grain & Protein Business

July 25, 2024

Manufacturing

American Industrial Partners (AIP) has acquired AGCO Corporation's Grain & Protein division in an all-cash divestiture, creating a standalone, privately held business rebranded as Grain & Protein Technologies. The business, which operates leading brands including GSI, Cumberland, AP, Tecno and Cimbria, generates approximately $1 billion in annual revenue, employs ~3,200 people across 14 manufacturing facilities globally, and will be led by CEO Jacob Thomas.

American Industrial Partners Acquires Global Cellulose Fibers from International Paper

January 24, 2026

Manufacturing

American Industrial Partners (AIP) has completed the $1.5 billion acquisition of International Paper's Global Cellulose Fibers (GCF) business, with part of the consideration issued as preferred stock carrying a $190 million initial liquidation preference. GCF, headquartered in Memphis, Tennessee, will operate as an independent company and reported approximately $2.3 billion in 2024 revenue with about 3,300 employees and nine manufacturing facilities across the U.S., Canada, and Poland.

Paper Excellence Group Rebrands as Domtar After Integrating Domtar Corporation and Resolute Forest Products

October 24, 2024

Manufacturing

Paper Excellence Group announced the operational integration of its recently acquired Domtar Corporation and Resolute Forest Products with the legacy Paper Excellence business and will operate under the unified brand Domtar. The move consolidates pulp, paper, packaging, tissue and lumber businesses across North America to create a larger, single forest-products company focused on operational excellence and sustainability.

American Industrial Partners Acquires Aleris North American Rolled Products (now Commonwealth Rolled Products)

December 1, 2020

Manufacturing

American Industrial Partners (AIP) completed its purchase of the former Aleris North American automotive and common-alloy aluminum rolled products business on December 1, 2020. The divested business (renamed Commonwealth Rolled Products) includes the Lewisport, Kentucky production facility and a Madison Heights, Michigan R&D center; AIP intends to invest in and upgrade the Lewisport mill to expand its automotive body sheet capabilities.

American Industrial Partners Acquires PPG's U.S. & Canadian Architectural Coatings Business (Pittsburgh Paints Co.)

December 2, 2024

Building Products

American Industrial Partners (AIP) completed the acquisition of PPG's U.S. and Canadian architectural coatings business for $550 million and has renamed the business The Pittsburgh Paints Company. The newly independent company — a top-three producer of interior and exterior paints, stains, caulks, adhesives and sealants with more than 6,000 employees and 750 company-owned stores — will operate as a focused platform serving professional and DIY end markets across the U.S. and Canada.