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WATERTOWN - A 200-year-old specialty-paper manufacturer in the North Country has new ownership after three managers bought out the retiring owner.
Three Knowlton Specialty Papers, Inc. officials closed April 15 on the purchase of the company's assets, says Frederick G. (Rick) Rudmann, president and CEO. The three men acquired the entire company, including the building, employees, machinery, and its customer list, Rudmann says.
The new owners are changing the 102-employee company's name to Knowlton Technologies, LLC.
Rudmann declined to disclose financial terms of the acquisition. The owners are financing the deal primarily with...