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September 2009 Newsletter

MCRC is pleased to announce a follow-on investment in Seaman Paper Company.  Founded in 1945, Seaman is a leading global supplier of light weight tissue papers including its branded product, Satin Wrap.  The Company’s branded products are sold to specialty retailers including Ann Taylor, Talbots, Banana Republic and J. Crew, and a line of private label products are purchased by Hallmark, American Greetings, Costco and Dollar Tree Store.  Seaman is also the largest crepe streamer manufacturer in the United States and produces a line of industrial tissue for the floral, footwear and produce industries.

A family owned and operated business, Seaman’s success has been derived from the philosophy of developing value-added products with vertical integration through a unique combination of technical ability, manufacturing diversity in the mill, and attention to service providing for total customer satisfaction.  Significant innovative investments have continuously been made to support this philosophy.  MCRC’s most recent investment financed a landfill gas project.  Seaman will harness the methane gas created by the landfill in order to create electricity which will reduce the Company’s overall energy expenses.

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