LeBaronBrown Industries, a private investment firm, agreed to acquire a majority stake in NPS Towel & Tissue Division, a towel & tissue and specialty packaging converter. Financial terms were not disclosed. "We are thrilled by the opportunity to partner with Mike Jansen and the management team at NPS to continue to build on the Company's legacy. The Company's high-quality, multi-decade performance, history and reputation as a premier towel & tissue and specialty packaging converter are a testament to the outstanding team in place at NPS and its long-term growth potential," Simon Brown and Matt LeBaron, LeBaronBrown Managing Members.