Exhibit 99.1

FiberMark North America, Inc. and

FiberMark Red Bridge International, Ltd.

Combined and Consolidated Financial Statements

(With Combining Information)

And Independent Auditor’s Report

December 31, 2014 and 2013

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Index

1

Independent Auditor’s Report

To the Board of Directors

FiberMark North America, Inc. and

FiberMark Red Bridge International, Ltd.

We have audited the accompanying combined and consolidated financial statements of FiberMark North America, Inc. and FiberMark Red Bridge International, Ltd., which comprise the combined and consolidated balance sheets as of December 31, 2014 and 2013, and the related combined and consolidated statements of operations, comprehensive income (loss), changes in stockholders’ equity and cash flows for the years then ended, and the related notes to the combined and consolidated financial statements.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these combined and consolidated financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of combined and consolidated financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these combined and consolidated financial statements based on our audits. We did not audit the financial statements of FiberMark Red Bridge International, Ltd., as of and for the year ended December 31, 2013, which statements reflect total assets constituting 8.5% of combined total assets at December 31, 2013 and total revenues constituting 9.8% of combined total revenues for the year then ended. Those statements were audited by other auditors, whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for FiberMark Red Bridge International, Ltd. for 2013 is based solely upon the report of the other auditors. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the combined and consolidated financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the combined and consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the combined and consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the combined and consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the combined and consolidated financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

2

Opinion

In our opinion, based on our audits and the report of the other auditors for 2013, the combined and consolidated financial statements referred to above present fairly, in all material respects, the financial position of FiberMark North America, Inc. and FiberMark Red Bridge International, Ltd., as of December 31, 2014 and 2013, and the results of their operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

Restatement of Financial Statements

As described in Note 2 to the combined and consolidated financial statements, the previously issued combined and consolidated statements of operations, comprehensive income (loss), balance sheets, cash flows and changes in stockholders’ equity as of and for the year ended December 31, 2014 have been restated to eliminate the effects of the early adoption of Accounting Standards Updated No. 2014-02, Accounting for Goodwill for Private Companies. Our opinion is not modified with respect to that matter.

Hartford, Connecticut

April 2, 2015, except for the effects of the matter

discussed in Note 2, as to which the date is October 13, 2015

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FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

COMBINED AND CONSOLIDATED STATEMENTS OF OPERATIONS

YEARS ENDED DECEMBER 31, 2014 AND 2013

(In Thousands)

See Notes to Combined and Consolidated Financial Statements.

4

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

COMBINED AND CONSOLIDATED STATEMENTS OF

COMPREHENSIVE INCOME (LOSS)

YEARS ENDED DECEMBER 31, 2014 AND 2013

(In Thousands)

See Notes to Combined and Consolidated Financial Statements.

5

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

COMBINED AND CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2014 AND 2013

(In Thousands)

See Notes to Combined and Consolidated Financial Statements.

6

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

COMBINED AND CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2014 AND 2013

(In Thousands)

See Notes to Combined and Consolidated Financial Statements.

7

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

COMBINED AND CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

YEARS ENDED DECEMBER 31, 2014 AND 2013

(In Thousands, except share data)

See Notes to Combined and Consolidated Financial Statements.

8

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 1 - Nature of operations

FiberMark North America, Inc. and FiberMark Red Bridge International, Ltd. (collectively “FiberMark” or the “Company”) produce specialty fiber-based materials in North America and the United Kingdom (U.K.). Headquartered in West Springfield, Massachusetts, the Company currently operates seven production facilities located in the eastern region of the United States (U.S.) and one in the U.K. from which it serves its customers worldwide.

Pursuant to the terms of the Cooperative Agreement dated September 8, 2011, a joint venture (“JV”), was formed by and among FiberMark North America, Inc., holding 51% and CYP Specialty Paper (Shanghai) Co. Ltd. together with Paper World Co. Ltd., (CYP), holding 49%.  Subsequently, on January 17, 2012, the JV established a Hong Kong company, FiberMark CYP Co., Limited (“HK”). In 2012, the HK JV company further formed Avante, Co., Ltd (“Avante”) a wholly-foreign owned company in the People’s Republic of China for the purpose of trading and manufacturing certain agreed-upon products.  The accounts of Avante have been consolidated with FiberMark North America, Inc.  All significant intercompany balances and transactions have been eliminated in consolidation. Prior to 2014, the JV had no significant activity.

On August 1, 2014, the Company acquired certain assets and liabilities from Crocker Technical Papers, Inc. (“Crocker”) for a purchase price of $3.0 million (Note 20).

On May 1, 2014, the Company acquired certain assets and liabilities from Green Media Solutions, LLC d/b/a Converd (“Converd”) for a purchase price of $0.6 million (Note 20).

Note 2 - Restatement of financial statements

The Company had previously adopted Accounting Standards Update No. 2014-02 (“ASU 2014-02”), Accounting for Goodwill for Private Companies, on January 1, 2014. Under ASU 2014-02, the Company was amortizing goodwill over a 10 year period. The combined and consolidated financial statements for 2014 have been restated to eliminate the effects of the adoption of ASU 2014-02, which resulted in an increase in net income of approximately $6.6 million. The effects of the change on the combined and consolidated financial statements as of and for the year ended December 31, 2014 are as follows:

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FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 3 - Summary of significant accounting policies

Basis of accounting

On December 28, 2007, the Company was acquired by ASP FiberMark Holdings, LLC (the “Parent Company”), which is owned by American Securities Capital Partners, LLC, together with certain minority holders. In connection with this acquisition, the accounts of the Company have been adjusted using the push-down basis of accounting to recognize the allocation of the consideration paid to the respective net assets acquired.

Basis of combination and consolidation

The combined financial statements include FiberMark North America, Inc. and FiberMark Red Bridge International, Ltd. All significant intercompany transactions and accounts have been eliminated in combination.  FiberMark North America, Inc. includes the accounts of its 51% owned subsidiary, Avante. All significant intercompany balances and transactions have been eliminated in consolidation.

Foreign currency

The balance sheets of FiberMark Red Bridge International, Ltd. and Avante are translated at the exchange rates in effect at the balance sheet date. The revenues and expenses are translated based on the average monthly exchange rates during the year. The cumulative effect of exchange rate fluctuations is recorded as other comprehensive income (loss), a separate component of stockholders’ equity. Foreign currency transaction gains (losses) resulting from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are recorded in the combined and consolidating statements of operations.

Inventories

Inventories are valued at the lower of cost or market and include all costs directly associated with manufacturing products: materials, labor and manufacturing overhead. Cost is determined on a first-in, first-out (“FIFO”) basis.  The Company provides estimated allowances for inventory whose carrying value is in excess of net realizable value.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and amortization. The Company depreciates its property, plant and equipment utilizing the straight-line method over the following estimated useful lives:

Leasehold improvements are amortized over the shorter of the life of the improvement or the lease term. Major improvements are capitalized, while maintenance and repairs are expensed as incurred. For assets sold or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in operations for the period.

10

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 3 - Summary of significant accounting policies (continued)

Impairment of long-lived assets

The Company reviews long-lived assets for impairment whenever events or circumstances indicate the carrying value of the assets may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.  Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.  There were no impairment losses for the years ended December 31, 2014 or 2013.

Intangible assets

Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually, or whenever events or circumstances occur indicating that intangible assets might be impaired. If the carrying amount exceeds the implied fair value, an impairment loss is recognized. Amortizable intangible assets are comprised of customer relationships, technology and software and are amortized using the straight-line method over the estimated useful lives of the assets, which range from ten to fifteen years.

Goodwill

Goodwill represents the excess of the purchase price of an acquired enterprise over the fair values of the identifiable assets acquired and liabilities assumed. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually, or whenever events or circumstances occurred indicating that goodwill might be impaired. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized. There were no impairment losses during 2014 or 2013.

Deferred financing costs

Deferred financing costs consist of costs incurred related to obtaining and amending the revolving credit and term loan agreements.  These costs are reported net of accumulated amortization of $7.4 million and $6.7 million, at December 31, 2014 and 2013, respectively, and are being amortized on the straight-line method over the term of the related agreement. Amortization expense, which is included in interest expense, was $0.8 million and $0.7 million for the years ended December 31, 2014 and 2013, respectively.

Future amortization of deferred financing costs is estimated to be $0.8 million for each of the next three years ending December 31.

Noncontrolling interest

Noncontrolling interest in results of operations of a consolidated subsidiary represents the noncontrolling members’ share of the income or loss of the consolidated subsidiary. The noncontrolling interest in the balance sheets reflects the original investment by the noncontrolling members in the consolidated subsidiary, along with its proportional share of the earnings or losses of the subsidiary and distributions. The Company presents the ownership in subsidiaries by other parties for which the Company retains control as a component of equity in the balance sheets.

11

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 3 - Summary of significant accounting policies (continued)

Noncontrolling interest (concluded)

Furthermore, the Company shows the amount of net income or loss attributable to both the Company and the noncontrolling interest on the face of the statements of operations and comprehensive income (loss) and in the statements of changes in equity. The Company is also required to measure future transactions involving noncontrolling interest at fair value, with any gains or losses arising from those transactions reported in equity if a change in control has not occurred.

Research and development

Research and development expenditures are expensed as incurred and were $2.3 and $2.2 million for the years ended December 31, 2014 and 2013, respectively.

Revenue recognition

Revenue is recognized when the earnings process is complete and the risks and rewards of ownership have transferred to the customer, which is generally considered to have occurred upon shipment. Revenue is recorded net of sales returns, discounts and allowances.

Shipping and handling costs

Amounts billed to customers for shipping and handling costs are included in net sales. The Company’s costs relating to shipping and handling charges are included in cost of goods sold and were $3.0 and $3.1 million for the years ended December 31, 2014 and 2013, respectively.

Income taxes

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

The Company has no significant unrecognized tax benefits at December 31, 2014 or 2013.  The Company recognizes interest and penalties associated with uncertain tax matters as part of the income tax provision and includes accrued interest and penalties with the related tax liability in the accompanying combined balance sheets.

Stock-based compensation

The Company records compensation expense based upon the calculated values for new awards and awards modified, repurchased, or cancelled after the adoption date. Such values are recorded over the vesting period using the straight-line method for the entire award.

Comprehensive income (loss)

Comprehensive income (loss) is a measurement of certain changes in stockholders’ equity that result from transactions and other economic events other than transactions with stockholders. The Company is required to disclose comprehensive income (loss) as a result of the pension liability adjustments and foreign currency translation adjustments, net of related taxes, and are combined with net income (loss) which results in total comprehensive income (loss).

12

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 3 - Summary of significant accounting policies (concluded)

Comprehensive income (loss) (concluded)

The components of accumulated other comprehensive loss as of December 31, 2014 and 2013, are as follows (in thousands):

Restructuring

The Company recognizes costs associated with exit (including restructuring) or disposal activities at fair value when the related liability is incurred, which include certain contract termination costs, certain employee termination benefits and other costs to consolidate or close facilities and relocate employees that are associated with an exit activity or disposal of long-lived assets.

Use of estimates

The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Subsequent events

The Company has evaluated events and transactions for potential recognition or disclosure through April 2, 2015, which is the date the financial statements were available to be issued.

Note 4 - Inventories

Inventories consist of the following at December 31, 2014 and 2013 (in thousands):

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FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 5 - Goodwill

The following table reconciles goodwill from the beginning of the year to the end of the year (in thousands):

Note 6 - Intangible assets

The following table provides the gross carrying value and accumulated amortization for each class of intangible assets at December 31, 2014 and 2013 (in thousands):

Due to changes in foreign currency exchange rates, intangible assets decreased by $0.4 million for 2014.

There were no impairment losses during 2014 or 2013.

Amortization expense related to intangible assets was $4.2 and $4.3 million for the years ended December 31, 2014 and 2013, respectively.  The estimated amortization expense for each of the next three years ending December 31 is $4.3 million.  The estimated amortization expense in years four and five ending December 31 is $4.1 million.

Note 7 - Property, plant and equipment

Property, plant and equipment consists of the following at December 31, 2014 and 2013 (in thousands):

Depreciation expense was $6.3 million for the years ended December 31, 2014 and 2013.

14

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 8 - Debt

On December 28, 2007, in connection with the sale transaction, FiberMark North America, Inc. entered into a revolving credit and term loan agreement with General Electric Capital Corporation as lead lender and agent to certain other financial institutions as lender and documentation agent. The credit facility is secured by substantially all of the Company’s assets.

Effective December 7, 2012, the Company agreed to an amended and restated credit agreement. Terms under the $102 million facility are as follows:

The amended and restated facility provides for a $12.0 million revolving credit facility, with advances repayable daily and matures on December 28, 2017.  The borrowing rates are determined at the Company’s discretion based on the terms of the agreement.  The outstanding balance on this facility was $3.0 million at December 31, 2014. There was no balance outstanding at December 31, 2013.

Long-term debt is summarized as follows at December 31, 2014 and 2013 (in thousands):

The aggregate scheduled maturities of long-term debt are as follows (in thousands):

The credit facility is subject to quarterly covenants, which among other things, requires the Company to maintain certain financial ratios.  The company was in default on the leverage covenant at the December 31, 2014 reporting period. Subsequently, the Company entered into a waiver and amendment agreement with the lenders on March 21, 2015. The amendment included a revision of the leverage covenants.

15

FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 9 - Accrued liabilities

Accrued liabilities at December 31, 2014 and 2013 consisted of (in thousands):

Note 10 - Stockholders’ equity

Stockholders’ equity at December 31, 2014 and 2013 consisted of:

Note 11 - Leases

The Company leases its Reading, Pennsylvania, manufacturing facility under an agreement that expires in June 2017. The lease requires scheduled monthly payments as defined in the agreement, ranging from $37,000 to $44,000.

The Company leases warehouse space in Watertown, New York, under an agreement that expired in March 2009. The lease required monthly payments of approximately $2,500, and included an escalation clause. The Company has been paying on a month-to-month basis since the expiration of the lease agreement.

The Company leases showroom space in New York, New York, under an agreement that expires in August 2017. The lease requires fixed monthly payments of approximately $4,000.

The Company leases its West Springfield, Massachusetts, manufacturing facility under an agreement that expires in May 2017. The lease requires monthly payments of $25,000, and includes an escalation clause.  In 2011, the Company ceased operations at this site and recorded a restructuring charge of $3.2 million related to this lease.  At December 31, 2014, the balance of the restructuring liability was $0.9 million.

The Company leases its Canton, Ohio, manufacturing facility under an agreement that expires in January 2016.  The lease requires monthly payments of approximately $5,500.

The Company leases its Fitchburg, Massachusetts, manufacturing facility under an agreement that expires in July 2015.  The lease requires fixed monthly payments of $12,500.

The Company also leases various equipment at all sites with terms expiring at various times through 2020.

Rental expense was $1.3 million for the years ended December 31, 2014 and 2013.

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FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 11 - Leases (concluded)

At December 31, 2014, obligations to make future minimum lease payments under these leases are as follows (in thousands):

Note 12 - Income taxes

The components of income tax expense (benefit) for the years ended December 31, 2014 and 2013 are as follows (in thousands):

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 31, 2014 and 2013 are presented below (in thousands):

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FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 12 - Income taxes (concluded)

The Company records a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Temporary differences relating to certain assets and liabilities are expected to reverse in the allowable carryforward period for net operating losses. The valuation allowance decreased by $1.2 million in 2014.

The significant items causing the effective tax rate to be different from the U.S. statutory rate of 35% were changes in valuation allowances, effective state income tax rates, effective tax rates from other jurisdictions, income tax credits and deductions and expenses that are not deductible for tax purposes.

At December 31, 2014, for state income tax purposes, the Company had $3.1 million of net operating loss carryforwards and $1.2 million of state tax credits available to offset future state taxable income. The state net operating loss carryforwards and tax credits expire at various times through 2030.

The Company files income tax returns in the U.S. Federal jurisdiction, and various states and foreign jurisdictions. With few exceptions, the Company is no longer subject to income tax examinations by tax authorities for years before 2011 for Federal income taxes, 2010 for state and local income taxes and 2011 for foreign income taxes.

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FIBERMARK NORTH AMERICA, INC. AND

FIBERMARK RED BRIDGE INTERNATIONAL, LTD.

Note 13 - Restructuring

In 2014, 2013, 2010, and 2009, in response to a weakening economy, management committed to a performance improvement plan that included a company-wide workforce reduction, elimination of certain product lines and a re-alignment of work flows at and between locations.

The following is a reconciliation of the beginning and ending balances of the restructuring liability (in thousands):