Purchase, NY-based Central National- Gottesman, Inc. (CNG) has bought from a subsidiary of PaperlinX Ltd. its US pa- per operations consisting of Spicers Pa- per, Inc. Santa Fe Springs, CA, and Kelly Paper Co., City of Industry, CA.
Spicers is a paper distributor with 12
warehouses in the US West and Mid- west. Kelly operates a chain of 48 paper stores in four Western states. Their com- bined sales were about $500 million in the company’s most recent fiscal year.
The Spicers and Kelly locations will complement CNG’s 22 Lindenmeyr Munroe paper distribution facilities and stores on the East Coast and in the Mid- west. This is CNG’s fifth acquisition of a paper merchant in the past three years, including four in the US and one over- seas.
CNG markets pulp and paper through sales offices in 26 US cities and 22 countries. Its several divisions in- clude Lindenmeyr, the largest independ- ent paper merchant in the US, and Cen- tral National, a global provider of pulp, paper, and packaging. Sales of pulp and paper exceed $4 billion annually. www.cng-inc.com
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