Who owns First Quality? This question has been on the minds of many consumers and investors alike, as the brand has become synonymous with high-quality products across various industries. In this article, we will delve into the history, ownership, and the impact of First Quality on the market.
First Quality, originally known as American Textile Company, was founded in 1890 in North Carolina, USA. Over the years, the company has expanded its operations to become a leading manufacturer and supplier of consumer products, including paper towels, tissues, and feminine hygiene products. The brand has gained a reputation for its superior quality and innovative products, making it a preferred choice for millions of consumers worldwide.
Ownership of First Quality has undergone several transformations over the years. Initially, the company was family-owned, with the descendants of the founders still holding significant stakes. However, in 2007, the company was acquired by a private equity firm, Sun Capital Partners, Inc. This acquisition marked the beginning of a new era for First Quality, as the private equity firm brought in fresh capital and strategic expertise to help the company grow and expand its market presence.
Under Sun Capital Partners, First Quality continued to invest in its operations, focusing on research and development to enhance its product offerings. The company also diversified its portfolio by acquiring other businesses, such as tissue manufacturer Georgia-Pacific and paper products manufacturer Georgia-Pacific Consumer Products. This strategic move allowed First Quality to strengthen its position in the market and become a major player in the consumer products industry.
However, in 2017, First Quality faced financial challenges, and its ownership structure changed once again. The company filed for bankruptcy protection, which led to a restructuring process. During this period, various stakeholders, including private equity firms and institutional investors, expressed interest in acquiring a stake in the restructured company.
In 2018, First Quality emerged from bankruptcy with a new ownership structure. The company was acquired by a consortium of investors, including affiliates of Apollo Global Management, Inc., and affiliates of Oaktree Capital Management, L.P. This new ownership group aimed to revitalize the company and restore its financial stability, while also focusing on organic growth and strategic investments.
Today, First Quality remains a leading brand in the consumer products industry, with a strong presence in North America and Europe. The company’s ownership structure has evolved, but its commitment to quality and innovation has remained constant. As consumers continue to seek high-quality products, the question of who owns First Quality may not be as important as the brand’s dedication to delivering exceptional value to its customers.
In conclusion, the journey of First Quality, from a family-owned business to a private equity-backed company, and now to a consortium of investors, highlights the dynamic nature of the consumer products industry. Despite the changes in ownership, the brand’s reputation for quality and innovation remains intact, ensuring that First Quality continues to be a trusted name in the market.
