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CNG´s Spicers Paper Acquires Kilmer, Wagner and Wise to Expand Packaging Portfolio
Friday 06 December 2019

6 December 2019 - New York, US-based pulp and paper sales and distribution business Central National Gottesman Inc's The Spicers Paper division has agreed to acquire California, US-based Kilmer, Wagner and Wise Paper (KWW), expanding Spicers' packaging portfolio, the company said.

Terms of the transaction were not disclosed.

KWW is a paper and packaging distributor that has been in business for nearly 65 years.

With its focus on corrugated products, stretch film, tapes and adhesives and other industrial packaging products, KWW product offerings and industry expertise will enhance Spicers' existing stand-alone packaging business, Premiere Packaging Industries.

PPI specialises in custom and stock corrugated and poly products used in a range of sectors, particularly manufacturing and large-scale distribution operations.

Spicers Paper is a privately held, independent paper merchant serving the Western US and is committed to ongoing investment in its core business of commercial printing papers while diversifying into growth areas such as wide-format, digital products and packaging.

Central National Gottesman Inc. is a USD 6.8bn sales and distribution organisation that owns businesses in the global pulp, paper, tissue, packaging, wood products and metals industries.
Details
Date Published: 06/12/2019
Target: Kilmer, Wagner and Wise Paper (KWW)
Country: USA
Sector: Paper/Packaging/Office Supplies
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Central National Gottesman, Spicers Paper division
Comment:
Terms of the deal were not disclosed

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