"The acquisition of Graphic Paper reinforces our passion for growth in our North American Distribution business," said Andrew Wallach, CNG President and Chief Executive Officer. "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.
"Acquiring Graphic Paper underscores our long-standing commitment to the print, paper and packaging industries," Meany said. "As we continue to grow this business, we are committed to investing in the people, inventory and technology necessary to better serve our customers."
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.
The transaction is expected to close July 22, 2016.
About Central National Gottesman Inc.
Central National Gottesman Inc. (CNG) is a $5.5 billion sales and marketing organization in the global pulp, paper, tissue, packaging and plywood industry. Founded in 1886 and headquartered in Purchase, NY, CNG operates through established industry entities in its Distribution, Publication Papers and Central National divisions, building on 130 years of family ownership, market knowledge and adaptability to create value for clients around the world. To learn more, please visit www.cng-inc.com.
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SOURCE Central National Gottesman Inc.