In August 2003, Arcapita acquired American Pad & Paper (“Ampad”), one of the largest manufacturers and marketers of nationally branded and private label paper-based office products. Ampad was founded in 1888 in Massachusetts by Thomas W. Holley, the inventor of the ruled “legal pad”, and has become one of the leading US suppliers of paper-based office products. In response to challenges early in the investment period, the company and Arcapita pursued a number of key initiatives to improve the performance of the company, including the recruitment of a new management team, the implementation of operational improvements and the redesign or elimination of unprofitable product lines. In June 2010, Ampad was sold to Esselte Corporation, a competing manufacturer of paper-based office products.

Investment Type

Private Equity


United States

Exit Date