Fibermark Acquires Crocker Technical Papers
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FiberMark, West Springfield, Mass., USA, a producer of paperboards, fiber-based specialty covering materials, and print media, has acquired the assets of Crocker Technical Papers, based in Fitchburg, Mass. Founded in 1972, Crocker provides custom engineered, multi-layered papers and boards.
Crocker will become a part of FiberMark’s technical specialties and performance boards business in which FiberMark will adopt the Crocker brand name. FiberMark will continue to serve the industrial markets with electrical insulation specialties, archival quality paper and boards, photographic packaging, specialty coating base, and other industrial specialties. Larry Gelsomini, president and CEO of Crocker Technical Papers, will join FiberMark as GM of the Fitchburg plant.
"The Crocker Technical mill is a terrific addition to the FiberMark family." said Anthony MacLaurin, CEO at FiberMark. "Crocker dramatically broadens our capabilities and product offerings enabling us to deliver added value to our customers. The Crocker acquisition will grow the FiberMark family of brands and is a key part of FiberMark’s overall growth strategy."
Larry Gelsomini, president of Crocker, noted that "Crocker Technical enjoys a select, diverse, and imaginative set of customers who continue to entrust us with their requirements. FiberMark’s technical skills, and global marketing and sale’s channels, bodes well for the growth of Crocker’s technical products and its customers."
The deal is expected to close in August.
