New Leaf Paper has new owner
Walnut Creek, CA-based New Leaf Paper, a specialist in post-consumer and sustainable papers, has been acquired by FutureStake, Inc., a Gettysburg, PA-based company focused on environmental preservation and education.
The acquisition will allow New Leaf to reinforce and expand its commitment to environmental sustainability and grow its post-consumer, low-carbon-product offerings.
Michelle Thornton, New Leaf’s VP since 2008, will remain in that role. Yen Lam is president and CIO and she will have day-to-day leadership of the company. Jeff Mendelsohn, New Leaf’s founder, has left the company. New Leaf will be headquartered in Gettysburg and retain its California office.
As part of FutureStake, New Leaf’s commitments are to:
• Continue to design, develop and promote paper and packaging products that remove many inherent negatives of traditional grades to reduce the burden placed on forests and woodlands.
• Continue to put waste to work for good, work to keep waste out of landfills.
• Continue to innovate through products and practices to bring down greenhouse gases.
• Continue to provide customers with reliable, cost-competitive, quality products.
• Continue to actively give back to communities. “I am incredibly excited to assume this new role for the future of the company,” said Lam. “As a B-corporation, New Leaf Paper is more committed than ever to honoring our mission to drive sustainability in the paper industry. We are dedicated to bringing innovative and truly environmentally responsible products to the market. I’m proud to be working with both New Leaf and Future Stake, companies that are at the forefront of environmental preservation and education.”
New Leaf was founded in 1998 with the mission of leading a shift toward sustainability in the paper industry. It has received numerous awards for its leadership, including B-Corporation’s Best in the World for the environment for the last four years running.