Imperial Bag & Paper Acquires Morton Paper

Imperial Bag & Paper Co., Bayonne, N.J., USA, has acquired Morton Paper Co., Brooklyn, N.Y. Robert Tillis, CEO of Imperial, anticipates that "the combined businesses will generate in excess of $325 million in annual revenue." The acquisition by Imperial Bag & Paper will expand its category strengths to now include retail items, as Morton Paper is a major distributor of retail and paper goods in the Metro New York area.

Imperial Bag & Paper reports that it has grown its business 250% over the past five years by providing a vast array of quality products at competitive prices with an exceptional level of service. Both Imperial and Morton Paper will continue to operate under their respective names. The management and the sales force of the two companies will remain unchanged. Closing of the acquisition is set for July 31.

Imperial Bag & Paper has taken an additional 139,000 sq. ft. in the Pulaski Distribution Center, in Jersey City, N.J., to accommodate the expansion of its business. The state-of-the art LEED certified facility is currently under construction and will open in 2014. Imperial will then occupy 535,000 sq. ft. in the new building strategically located four miles from the Port of New York/New Jersey, near Newark Airport and approximately three miles from New York City and the New Jersey Turnpike.