PaperPak Reorganizes

SAN DIMAS, Calif.–Led by 3i Group, the majority investors
behind adult incontinence manufacturer PaperPak have decided to
hold their shares and see the company through a restructuring. As
part of the reorganization, the company’s European and North
American businesses will begin to operate more as separate entities
to allow response to individual market needs. All company contracts
and agreements will remain in place. Michael Brown, global CEO, has
left the business. James Steele will continue to head the European
business as CEO, and Steve Robinson will join as interim CEO of
PaperPak’s North American business.