11 七月, 21:36
Central National Gottesman's Lindenmeyr Munroe division will acquire the business of New York-based Graphic Paper, a wholesale distributor of fine printing paper and converted products.Terms of the deal were not disclosed. The transaction is expected to close July 22, 2016, as the company says in the press release received by Lesprom Network.
"The acquisition of Graphic Paper reinforces our passion for growth in our North American Distribution business," said Andrew Wallach, CNG President and CEO. "Graphic Paper has a strong competitive position in the market, reflecting both scale and service capabilities that will complement us well. We are excited about the opportunity to build on the strong foundation of our Northeast and Mid-Atlantic divisions at Lindenmeyr Munroe."
Lindenmeyr Munroe President Bill Meany added that the acquisition allows his organization to increase critical distribution capability to serve the region's strong printing market, including 120,000 square feet of additional warehouse space in addition to the 148,000-square-foot converting facility.
Lindenmeyr Munroe is the largest privately held independent paper merchant in the U.S. and a leading distributor of quality commercial printing papers, business and communications paper and packaging products.
Graphic Paper is a family-owned business that has served the Northeast and Mid-Atlantic regions since 1989, specializing in fine paper, coated and uncoated, digital, private label and specialty products. Graphic Paper also operates a leading-edge converting facility that serves the custom paper and packaging market with precision sheeters, guillotine trimmers and a cartonizing line.