Orchids Paper Products Company – Files Chapter 11, Announces $175mn Stalking Horse Credit Bid by Black Diamond Capital Management Affiliate

April 1, 2019 − Orchids Paper Products Company (NYSE American: TIS) and two affiliated Debtors (together, “Orchids Paper” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-10729. The Company, a leading national supplier of high quality consumer tissue products primarily serving the…