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PaperPak Reorganizes
Apr 4, 2005 10:00 AM
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.
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