KapStone Acquires Central Florida Box

KapStone Paper and Packaging Corp., Northbrook, Ill., USA, reports that it has completed the acquisition of Central Florida Box (CFB) Corp. located in Lake Mary, Fla. CFB provides design, graphics, manufacturing, assembly, fulfillment, warehousing, and distribution services to more than 400 customers ranging from small, family-owned companies to large, national corporations.

Chairman and CEO Roger W. Stone said that "the acquisition of Central Florida Box enhances KapStone's footprint in the strategic Southeast market. In addition, this acquisition further strengthens our goal of increasing integration, providing additional internal opportunities for our Mill Division and Victory Packaging. We believe this business acquisition is a wonderful fit to our overall business strategy."

 

Jeff Ramsey, president of Central Florida Box Corp., said that "CFB is excited to become a part of the KapStone family. With their Think Big, Act Small philosophy, we believe their goals and values align perfectly with CFB. We will look to expand our footprint in the Florida market and leverage our relationships with existing national customers to grow national accounts for KapStone."

 

KapStone Paper and Packaging Corp. is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the U.S. The company has four paper mills, 21 converting plants, and 65 distribution centers. The business has approximately 6,300 employees.