Unicell Paper Mills Caribbean Limited (“Unicell”) is a Trinidad-based manufacturer of tissue paper products and the leading tissue paper mill in the Caribbean.

Pan American Finance advised Grand Bay International, an affiliate of Montreal-based Kruger Group, on the acquisition of Unicell. The acquisition was completed simultaneously with the purchase of Trinidad Tissues. With both acquisitions, Grand Bay gains a significant share of the Caribbean tissue paper market and develops important synergies with its existing operations in Venezuela and Guatemala.