CNG's Lindenmeyr Munroe Division Acquires Graphic Paper
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CNG's Lindenmeyr Munroe Division Acquires Graphic Paper
Central National Gottesman Inc. (CNG), Purchase, N.Y., USA, a sales and marketing organization in the global pulp, paper, and forest products industry, this week announced its Lindenmeyr Munroe division will acquire the business of New York-based Graphic Paper, a wholesale distributor of fine printing paper and converted products.
Headquartered on Long Island, Graphic Paper is a family-owned business that has served the Northeast and Mid-Atlantic regions since 1989, specializing in fine paper, coated and uncoated, digital, private label, and specialty products. Graphic Paper also operates a converting facility that serves the custom paper and packaging market with precision sheeters, guillotine trimmers, and a cartonizing line.
"The acquisition of Graphic Paper reinforces our passion for growth in our North American Distribution business," said Andrew Wallach, CNG president and CEO. "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 sq. ft. of additional warehouse space in addition to the 148,000-sq.ft. 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 on July 22, 2016.
