Orchids Paper Products Company TIS, Closed down 2.22%
Orchids Paper Products Company
Orchids Paper Products Company, a US-based integrated manufacturer of tissue paper products, has completed its underwritten public offering of 0.75 million shares of common stock at a price of $18.50 per share raising gross proceeds of $13.88 million.
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Orchids Paper Products Company (Orchids), manufactures bulk tissue paper, known as parent rolls, and converts parent rolls into a full line of tissue products, including paper towels, bathroom tissue and paper napkins, for the consumer, or at-home market. Orchids markets its products to private label segment of the consumer tissue market and focuses on serving the discount retail market. The Company’s primary market is the value retailers or dollar stores. While Orchids Paper has locations throughout the United States, it distributes products within an approximate 900-mile radius of its Oklahoma facility. Orchard Paper products are sold under customers private labels, and to a lesser extent, under the Company’s brand names, such as Colortex and Velvet.
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