Saothair Capital, a Wayne, Pennsylvania-based private equity firm that invests in middle-market manufacturing and industrial companies, has completed the acquisition of EAM Corp. from Domtar Corporation, a privately held forest products company owned by Paper Excellence.
Founded in 1998 and headquartered in Georgia, EAM develops and manufactures nonwoven airlaid and laminated absorbent materials used in feminine hygiene, adult incontinence, baby diaper, medical, industrial, and food packaging applications.The company’s three proprietary branded platforms were developed through decades of co-development with leading consumer hygiene brands. Former General Manager Vanecia Carr has been named CEO; Lori Venn has been named SVP Sales and Marketing; and Michael Fagan joins the board of directors.
Saothair was founded in 2019 by Kevin Madden and Richard Lozyniak, former KPS Capital Partners executives. The firm closed its second fund at $300 million in July 2025. McGuireWoods advised Saothair; BMO Capital Markets and Troutman Pepper Locke advised Domtar.
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