"We are pleased to complete this acquisition and welcome Hexacomb employees to Boise," said Alexander Toeldte, president and CEO of Boise. "Hexacomb expands our position in the protective packaging market, provides a platform for further growth, steps up our vertical integration within our containerboard business, and delivers synergies with limited execution risk."
In 2010, Hexacomb had revenues of $102 million and converted approximately 60,000 tons of containerboard. The $125 million transaction was financed through cash on hand.
TAPPI
http://www.tappi.org/