SSG Capital Advisors acted as the investment banker to Holliston in the sale of substantially all of its assets to an affiliate of Henry and Wallace.

Church Hill, TN-based Holliston, founded in 1893, is a producer of coated cloth covering materials. The company’s products provide protection and security for books and other published materials as well as packaging and industrial products. The company holds the distinction of being the sole supplier of U.S. passport covers for more than 20 years.

Holliston had a long history of successful operations but sought new investors to assist with executing the next phase of its strategic plan. SSG ran a comprehensive marketing process and solicited offers from a broad universe of strategic and financial investors. The offer from H&W was the best option to provide a return to the company’s stakeholders and to provide a new platform for future growth.

H&W is an investment company with a portfolio primarily focused on the real estate and manufacturing industries.