SMART Papers Acquired by Plainfield Asset Management, Now Expanding Operations

“We literally wouldn’t be here without their support, and without the support of our dedicated employees,” Needham said. He also thanked customers for their patience through the company’s reorganization, which was approved by a federal judge December 19.

Needham said SMART Papers is now well capitalized to expand sales and distribution of its products to North American paper merchants, printers, designers and corporations. The company has capacity to produce 120,000 tons of paper annually on its three paper machines and 22 casting drums.