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Central National Gottesman Division to Buy New York Wholesale Paper Distributor.

M2 EQUITYBITES-July 12, 2016-Central National Gottesman Division to Buy New York Wholesale Paper Distributor

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12 July 2016 - US-based pulp, paper and forest products sales and marketing company Central National Gottesman Inc.'s Lindenmeyr Munroe division will acquire the business of New York-based paper and converted products distributor Graphic Paper, the company said.

Terms of the deal were not disclosed.

Headquartered on Long Island, Graphic Paper is a family-owned business that has served the Northeast and Mid-Atlantic regions since 1989, specialising 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.

Lindenmeyr Munroe said that the acquisition allows the 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.

The transaction is expected to close July 22, 2016.

Lindenmeyr Munroe is the largest privately held independent paper merchant in the US and a distributor of quality commercial printing papers, business and communications paper and packaging products.

Central National Gottesman Inc. is a USD 5.5bn sales and marketing organisation in the global pulp, paper, tissue, packaging and plywood industry.

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Date:Jul 12, 2016
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