Japan Pulp and Paper Company Limited (JP) acquires additional shares in one of the USA’s largest paper merchants, Gould Paper Corporation. The acquisition was effected through JP’s consolidated USA subsidiary, Japan Pulp & Paper (U.S.A.) Corporation (JPUSA) and makes Gould a wholly owned subsidiary within the JP Group.

Printing Papers

Japan Pulp and Paper acquires additional shares in Gould Paper Corporation

Jul 01, 2015. /Lesprom Network/. Japan Pulp and Paper Company Limited (JP) acquires additional shares in one of the USA’s largest paper merchants, Gould Paper Corporation (Gould). The acquisition was effected through JP’s consolidated USA subsidiary, Japan Pulp & Paper (U.S.A.) Corporation (JPUSA) and makes Gould a wholly owned subsidiary within the JP Group, as the company says in the press release received by Lesprom Network.

JP has been making efforts to strengthen and expand its global procurement and sales network, and as part of these efforts acquired a 51% share in the ownership of Gould in April 2010.

By taking full ownership of Gould now, with its abundant human resources, experience and business sites throughout Europe and North America, two markets considered highly important in JP’s strategy for its non-Japan business segment, JP will be able to simultaneously strengthening its presence in both of these markets, increase the synergies within the entire JP Group and further expand its business activities outside of Japan.