Our transactions

CleanFiber

Transaction summary

Principal members of Avalon Growth Capital, while at a prior firm, co-led a private equity financing and sourced debt capital for CleanFiber with proceeds used to expand the Company’s state-of-the-art cellulose insulation production facility in Buffalo, New York.

Client

CleanFiber

Industry

Sustainable Building Products

Transaction type

Investment Banking & Direct Investment

Transaction date

May 2022

About the company

CleanFiber

CleanFiber is a pioneering materials science company focused on decarbonizing buildings. We make high performance building insulation products from recycled corrugated cardboard boxes. Our carbon negative insulation provides improved energy efficiency on an affordable basis. We are deeply committed to advancing our nation’s economy while also helping our nation achieve other societal and environmental goals.

CleanFiber makes high-performance cellulose insulation from recycled corrugated cardboard boxes and other clean sources of high quality fiber. The company was formerly known as Ultra cell Insulation and was founded by veteran cellulose installers, who wanted to see this industry thrive despite declining supplies of old newsprint (which is the primary feedstock of the industry today).

CleanFiber's product provides lower dust, lower contamination, and better coverage than competitive products. Our unique and patented process for embedding fire retardants in our product allows us to deliver a superior product at a cost-competitive price.

To learn more about the Company, visit: https://www.cleanfiber.com/

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