“The acquisition of Performance Paper underscores once again our commitment to strategic growth in the paper distribution business across North America,” said Andrew Wallach, CNG President and CEO. “We believe we will continue to have many ongoing opportunities for Spicers to expand in the West, both through organic growth and via acquisitions.”
Spicers Paper is a full-service, full-line stocking merchant servicing commercial printers and corporate end users through eight regional locations in the Western U.S. and Hawaii.
“The acquisition of Performance Paper makes tremendous sense for Spicers as we continue to find ways to grow and add value in the commercial printing industry,” said Jan Gottesman, president of Spicers Paper. “This includes an expanded product offering for customers and greater market access for our suppliers.”
The transaction is expected to close on June 1, 2015.
Central National-Gottesman Inc. is a $5 billion sales and marketing organization in the global pulp, paper, tissue, packaging and plywood industry.
