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Cosmo Specialty Fibers Announces Appointment of Nicholas B. Dottino as Chief Executive Officer

December 5, 2018

COSMOPOLIS, Wash.--(BUSINESS WIRE)--Dec 5, 2018--Cosmo Specialty Fibers (“Cosmo”), a leading dissolving wood pulp (DWP) mill with a capacity of more than 160,000 tons annually and the capability to produce a wide range of High Purity Cellulose (“HPC”) softwood-based products, today announced the retirement of Chief Executive Officer Mike Entz and the appointment of Nicholas B. Dottino as Chief Executive Officer. Mr. Entz will continue to serve on the company’s Board of Directors. Cosmo’s mill was formerly owned by Weyerhaeuser until September 2010, when it was acquired by an investor group led by The Gores Group (“Gores”).

“We are very excited to have attracted such a world-class executive to the Company and we are thrilled at the prospect of Nick leading Cosmo into its next chapter,” said John Danner, Managing Director of The Gores Group. “Nick brings almost 30 years of expertise in the manufacturing, consumer products, and pulp and paper industries, where he has a proven track record of delivering top-down and bottoms-up results to organizations.”

Previously, Mr. Dottino was an executive in the non-discretionary consumer products, paper, packaging, and point of purchase sectors in North America, Asia, and Europe working with Weyerhaeuser, Southern Container Corp, RockTenn (today known as WestRock), and a privately-held consumer products company. He has served as a Director on the Boards of numerous private companies, as well as industry and charitable organizations, both domestically and internationally.

“I am very excited to join the Cosmo team and I appreciate the confidence Mike, Gores and the Board of Directors have placed in me,” said Mr. Dottino. “I look forward to continuing on the fine work Mike and his team have started and to help lead Cosmo into the future.”

“On behalf of the Board of Directors, I want to thank Mike for his leadership of Cosmo over the last eight years,” said Andy Freedman, Managing Director of The Gores Group. “His strong leadership, steadfast vision, and positive demeanor were instrumental in the successful journey to transform Cosmo from a long-shuttered mill to where it is today, a leading force in the global specialty cellulose marketplace.”

“It has been an honor to lead the team at Cosmo, and I am extremely proud of everything we have accomplished together,” said Mike Entz, Cosmo’s retiring Chief Executive Officer. “Looking forward, I truly believe that Cosmo is better positioned than ever to deliver quality products to some of the highest growth segments in the global high-purity cellulose industry.”

About Cosmo Specialty Fibers

Cosmo Specialty Fibers, Inc. is a leading dissolving wood pulp (DWP) mill with a capacity of more than 160,000 tons annually and the capability to produce a wide range of High Purity Cellulose (“HPC”) softwood-based products. The Company utilizes a highly flexible magnesium-based acid sulfite production technology. Cosmo is strategically located in Cosmopolis, WA with an abundant local wood fiber supply and preferred marine access to Asian markets. The mill employs over 158 team members and proudly supports local area vendors and the community.

About The Gores Group

The Gores Group, founded in 1987 by Alec Gores, is a global investment firm focused on partnering with differentiated businesses that can benefit from its extensive industry knowledge, decades long experience and flexible capital base. Over its 30 year history, the firm has developed a deep understanding of and appreciation for building businesses and creating value alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Greenwich, CT and Boulder, CO. For more information, please visit www.gores.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005651/en/

CONTACT: For more information about Cosmo, please contact:

Katie Heikkila

Human Resources Coordinator, Cosmo Specialty Fibers

(360) 500-4627

kheikkila@cosmospecialtyfibers.comFor more information about The Gores Group, please contact:

Jennifer Kwon Chou

Managing Director, The Gores Group

(310) 209-3010

jchou@gores.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA WASHINGTON

INDUSTRY KEYWORD: MANUFACTURING TEXTILES NATURAL RESOURCES FOREST PRODUCTS

SOURCE: The Gores Group

Copyright Business Wire 2018.

PUB: 12/05/2018 01:00 PM/DISC: 12/05/2018 01:01 PM

http://www.businesswire.com/news/home/20181205005651/en

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