US-based material company Central National Gottesman (CNG) has acquired Lewis Paper International, a family-owned and family-operated distributor of paper, packaging and wide-format products.
Based in Addison, Illinois, Lewis Paper operates across the paper and packaging industries.
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CNG acquired the company through its North American distribution division.
The deal covers two of CNG’s North American regions, which are presently served by Lindenmeyr Munroe in the Midwest and Kelly Spicers in the West.
These two businesses will assume the operations of Lewis Paper in their own geographic region, which includes six facilities located in Illinois, Indiana, Michigan and Colorado.
The financial terms of the transaction have not been disclosed.
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By GlobalDataLindenmeyr Munroe president Bill Meany said: “The acquisition of Lewis Paper continues our history of commitment to the paper business and the commercial printing sector.
“Adding their facilities to our operations allows us to strengthen our service and inventory levels for paper, packaging and wide format customers.”
Following the acquisition, Lewis Paper CEO Bob Zessis will retire from his position
The company’s chief operating officer and vice-president of sales and marketing, Tom Clarkson, will continue with the company as vice-president of sales.
The deal is scheduled to close on 30 June.
Kelly Spicers president Jan Gottesman said: “Lewis Paper is a trusted and recognised brand, with valuable regional insights and product expertise.
“With new customers and additional products, we look forward to expanding our presence throughout the Midwest and Colorado.”
Based in Purchase, New York, CNG owns businesses in the pulp, paper, tissue, packaging, non-woven and fibre, wood and metal industries.
The $7bn company currently employs 3,000 people in 29 countries.
In July 2020, CNG acquired California-based packaging company American Packaging through Kelly Spicers to expand its packaging operations in the US’ West region.
American Packaging provides packaging solutions for various industries, including food and beverages, pharmaceuticals and technology.
