Shortly after Unisource canceled its agreement to purchase Gould Paper Canada, xpedx Canada led by Mike Kearney steps in to purchase the paper distributor. xpedx Canada, a subsidiary of International Paper, on June 20 announced it had completed the acquisition of Vancouver-based Gould Paper Canada Ltd., a subsidiary of privately held Gould Paper Corporation, headquartered in New York City.
Gould Paper Canada, which employs approximately 65 people, and with distribution facilities in Vancouver, Calgary and Edmonton, will operate as part of xpedx Canada, a business of xpedx, International Paper’s distribution business and one of North America’s largest business-to-business distributors.
“This is an exciting opportunity for xpedx Canada to expand its market reach to three major western Canadian markets—Vancouver, Calgary and Edmonton,” said Kearney, VP of xpedx Canada. “Gould Paper Canada has a strong reputation for providing great customer service.”
Unisource Canada announced it had canceled a May 15 agreement to purchase Gould just two days after a new, June 14 agreement to purchase large-format equipment Mondrian-Hall.