Victory, headquartered in Houston, TX, is a large, national distributor of all types of packaging specializing in providing unique solutions. Victory employs about 1,500 people.
"Today we are welcoming Victory's team as the newest members of KapStone," stated Roger W. Stone, Chairman and CEO. "The Victory team has grown both revenues and adjusted EBITDA at an impressive 14% compounded annual growth over the past four years. Excluding significant new customer wins, the compounded annual growth rate for revenue and adjusted EBITDA has been consistently between 5% to 7%. Victory will enhance KapStone's growth, profitability, cash flows, and returns to our shareholders."
Funding for the acquisition came from borrowings under the $1.915 billion amended and restated senior secured credit facility led by Bank of America, Barclays Bank, and Well Fargo Bank.
KapStone Paper and Packaging Corporation is a leading North American producer of containerboard, unbleached kraft paper and corrugated products, and a provider of packaging and logistics solutions.
