Acquistion of Phoenix Paper Products by LSC Environmental

Ancor Capital Partners, a Dallas private equity firm, announces the successful acquisition of Phoenix Paper by LSC Environmental products (“LSC Environmental”) in December of 2019. LSC Environmental, acquired by Ancor in May of 2019, is a global manufacturer of premier products and equipment designed to address the persistent environmental challenges of erosion, odor land reclamation, waste cover, seeding, and dust.

Phoenix Paper, based in Lostant, Illinois, is one of the largest suppliers of Erosion Control Products in the U.S. The company supplies premier erosion control and associated mulch products created from a patent protected propriety mixing and pelletizing of fibrous reuse materials for a wide range of industrial applications. It includes a branded and private label product offering including erosion control products, mulches, slope stabilizers, industrial absorbents and animal bedding products

Ray Kingsbury said “Going into the investment of LSC Environmental, we knew that add-on acquisitions would be a very important part of our go forward growth strategy for LSC. The acquisition of Phoenix Paper represents a key step forward into vertically integrating and expanding LSC’s supply chain and distribution channels. We are very excited to see what the future holds for the LSC going forward following this very accretive acquisition.”

About Ancor Capital Partners

Ancor Capital Partners, a Dallas-based private equity firm, is focused on helping companies reach their next level of growth. Ancor’s experienced team has the acumen, expertise and resources to invest wisely in existing successful companies through private equity buyouts. As a seasoned operating partner, Ancor works to operationally optimize businesses, maximize growth opportunities and instill a lasting culture. With a proven track record of over 50 successful acquisitions to date, Ancor targets health care, consumer staples, industrial manufacturing, automotive and emerging market businesses. For more information, visit www.AncorCapital.com.

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