NEW YORK, June 2 /PRNewswire/ -- Gould Paper Corporation Inc., a leading paper merchant headquartered in New York, has completed a majority sale to Japan Pulp and Paper Corp. (JPP), a Tokyo-based distributor of paper and paper-related products. Terms of the transaction were not disclosed. The investment banking group at Carl Marks Advisory Group LLC (CMAG) acted as financial advisor to Gould Paper.
JPP, established in 1845, is a USD 5 billion major paper trader and distributor and is listed publicly on the TSE stock exchange.
Founded in 1924, Gould Paper Corporation Inc. distributes business and printing papers. The company serves commercial printing, office papers, packaging, publishing, catalog and direct mail, paper traders and the closeout specials markets. It has operations in the United States; Canada; the United Kingdom; Paris; Helsinki, Finland; Moscow; Kiev, Ukraine; Auckland, New Zealand; Hong Kong; Shanghai; and Manila, Philippines. Additional information is available on www.gouldpaper.com
About Carl Marks Advisory Group LLC and Carl Marks Securities LLC
Carl Marks Advisory Group LLC, with offices in New York, Vienna, Va., Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial, operational and real estate advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management.
Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarks.com.
SOURCE Carl Marks Advisory Group LLC