American Paper & Twine Company Employee Profit Sharing & Benefit Trust

American Paper & Twine Company Employee Profit Sharing & Benefit Trust

American Paper & Twine launched in Nashville in 1926 and built a hundred-year distribution business serving the Southeast from Tennessee to Arkansas. Robert Doochin founded the company, and his granddaughter Karen Doochin Vingelen now runs it as President and COO. The associated Employee Profit Sharing & Benefit Trust has accumulated assets alongside the operating company, a structure that kept wealth tied to the enterprise through the firm's 2021 acquisition by Bain Capital-backed Imperial Dade. The trust's portfolio mixes self-dealing and arms-length instruments. On the self-dealing side, the plan owns the company's 7400 Cockrill Bend Blvd headquarters in Nashville and three additional distribution centers in Muscle Shoals, Chattanooga, Little Rock, and Knoxville — an industrial real estate footprint that services the distribution business and generates leasing income for plan participants. The trust also holds insurance company general account contracts and has made participant loans, creating a hybrid deployment model that few defined-contribution plans replicate. Since Imperial Dade's 2021 acquisition, the operating company has operated as a division of the national distributor, with Karen Doochin Vingelen maintaining day-to-day leadership. The Doochin family anchors its civic presence in Nashville through the Jewish Federation and runs the Doochin Family Charitable Foundation alongside the family trust. The operating company supplies the Tennessee Titans, a relationship the team's CMO Gil Beverly has publicly praised as an all-in vendor partnership across Nissan Stadium and corporate offices. No two employee benefit trusts own their own multi-state distribution real estate portfolio and lease it back to the operating company acquired by Bain Capital. That structure — plan owns the real estate, Bain-backed entity operates the business — makes the trust a property company with a captive tenant and a participant base that includes the same employees running the distribution operation.