By PrintAction Staff
By PrintAction Staff
Central National-Gottesman Inc., a U.S.-based distributor of pulp, paper and forestry products, announced today its purchase of Spicers Canada, adding to the company’s portfolio of regional paper merchants.
Headquartered in Vaughan, Ontario, Spicers Canada is one of the country’s largest distributors of fine paper, sign and display media, industrial packaging and graphic arts supplies. The company operates 15 warehouse locations throughout Canada, as well as sheeting facilities and cash-and-carry stores serving local markets.
“Spicers Canada has a very strong competitive position in the market, reflecting its scale, deep set of service capabilities and exceptional leadership,” said Andrew Wallach, President and CEO, Central National-Gottesman (CNG). “We are looking forward to working with [President] Cory Turner and his team to build upon the company’s excellent reputation and market leadership.”
Spicers Canada is a subsidiary of Australia-based PaperlinX Limited and ties its history back 70 years in Canada. CNG states Spicers Canada and its nearly 500 employees will continue to operate independently.
Spicers Canada represents the eighth acquisition of a regional paper merchant since 2010 for CNG’s North American distribution division and is expected to add approximately $400 million in annual sales.
“This transaction is an excellent fit with our existing strategy to grow organically and through strategic acquisitions,” added Ken Wallach, CNG’s Executive Chairman. “We believe it demonstrates our enduring commitment to the paper distribution business in North America.”
Spicers Canada joins CNG merchants Lindenmeyr Munroe, Spicers Paper (US) and Kelly Paper in the company’s Distribution Group. The deal is expected to close at the end of February pending approval by the Competition Bureau of Canada.
CNG is a $5 billion, global marketer of pulp, paper, tissue, packaging and plywood. The company was founded in 1886 and headquartered in Purchase, NY.