March 21, 2019
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Twin Rivers names new CEO, board chair

Don Eno | Fiddlehead Focus
Don Eno | Fiddlehead Focus
Twin Rivers Paper Co.’s president, Ken Winterhalter, left, and then-CEO Bob Snyder, right, speak with U.S. Sen. Susan Collins in 2016 at the company's Madawaska mill. Twin Rivers on Friday named Winterhalter its new CEO and Snyder as the new chairman of the board.

Twin Rivers Paper Co. on Friday named Ken Winterhalter its new chief executive officer.

Winterhalter, the company’s current president, succeeds Robert Snyder, who has transitioned to chairman of the board.

The new roles are “part of a long-term growth and succession plan established by Twin Rivers’ management,” the company said

Winterhalter joined the company in 2013 as its president. He had previously served as president and CEO of National Envelope and as president of Unisource.

“I am incredibly proud of what we have achieved at Twin Rivers these past six years thanks to our exceptional team, world-class suppliers and loyal customers,” Winterhalter said. “I am extremely grateful to Bob for his friendship and counsel and look forward to continuing our partnership together in his role as our board chair.”

“In recent years, thanks to strategic planning and excellent execution by a superb team across the organization, Twin Rivers has grown from primarily serving the commodities space to becoming an industry leader in technical specialties, lightweight packaging, and products within the label industry,” Snyder said.

“With Ken transitioning to his new role as our CEO, I am confident that we will continue to grow and expand in the months and years to come,” he said.

Twin Rivers first opened its doors in the early 1900s in Plaster Rock, New Brunswick, with only one dimension lumber mill. More than a century later, in 2013, Atlas Holdings and Blue Wolf Capital Partners purchased the company.

“While so many paper companies across Maine — and throughout the country — have closed their doors and lost thousands of jobs, we continue not only to survive, but thrive,” Winterhalter said in an email.

Today, Twin Rivers employs more than 1,000 people, owning and operating six paper mills, two pulp mills, a sawmill and a co-generation plant in the U.S. and Canada.

“Twin Rivers has stayed true to its roots, focusing on product quality, workplace safety, strategic growth and community stewardship. We’re thrilled to congratulate both Bob and Ken as they transition to these new positions,” said Tim Fazio, managing partner and co-founder of Atlas Holdings.

“Under Bob and Ken, with the support of an extraordinary team of leaders and associates, Twin Rivers has become one of North America’s most nimble, high-quality producers of innovative solutions for premium niche markets in the forest products sector,” he said.

“The transition of Ken to CEO and Bob to chairman reflects the successful implementation of a long-term value creation plan put in place by the talented team at Twin Rivers,” said Adam Blumenthal, managing partner of Blue Wolf Capital Partners.

“Bob and Ken have done terrific work together growing the business,” Blumenthal said, “and we are grateful to have both on board as we write the next chapter of the Twin Rivers story.”

This was originally published in the Fiddlehead Focus.

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