New State Capital completed the acquisition of a majority stake in Wilmington Paper.

New State Capital, a private equity firm, completed the acquisition of a majority stake in Wilmington Paper, an intermediary and processor of production scrap. Financial terms were not disclosed. "Wilmington Paper has a differentiated niche in fiber waste given its broad reach, longstanding relationships, and industry expertise and is uniquely positioned to capitalize on the growing worldwide demand for recycled fiber content. We are delighted to be working with Stuart and his team as we seek to further extend the Company's reach within the fiber scrap and waste management sector through both organic initiatives and via add-on acquisitions," Kurt Lentz, New State Senior Principal.