Central National-Gottesman Acquires Hudson Valley Paper Company
PURCHASE, N.Y., March 1, 2011 - Central National-Gottesman Inc. today announced that its Lindenmeyr Munroe division has acquired the assets and business of Hudson Valley Paper Company, one of upstate New York and New England's oldest and most respected fine paper merchants. Hudson Valley is headquartered in Albany, NY, where it maintains its principal warehouse and administrative offices. The company also operates warehouses and sales offices in Rochester, NY; Burlington, VT; and Hartford, CT.
"Hudson Valley was founded in 1875 and is one of the leading fine paper distributors in the Northeast," said Ken Wallach, Chairman and Chief Executive Officer of Central National-Gottesman. "Hudson Valley is managed by members of the fourth and fifth generation of the founding family and maintains the pride, integrity, and professionalism embodied in its long and distinguished history. We look forward to adding the accomplished professionals at Hudson Valley to our existing New England sales and support team. This acquisition enables us to offer our customers and suppliers an unrivaled level of service while strengthening our leading position in the important Northeast market."
This transaction is Lindenmeyr Munroe's fourth acquisition of a paper merchant in the past 15 months, including three in the United States and one overseas. It demonstrates Central National-Gottesman's commitment to the paper distribution business and the company's strong desire to grow, both organically and through strategic acquisitions.
Founded in 1886 and headquartered in Purchase, NY, Central National-Gottesman Inc. ("CNG") is a leading international marketer of pulp and paper. The company has sales offices in 28 U.S. cities and 23 countries worldwide. CNG operates several divisions, including Central National, a global provider of pulp, paper, and packaging, and Lindenmeyr, the largest independent paper merchant in the United States. CNG is committed to environmental sustainability and holds certifications from FSC, SFI, and PEFC. The company's sales of pulp and paper exceed $3.6 billion annually. To learn more, please visit www.cng-inc.com.
SOURCE Central National-Gottesman Inc.
CONTACT: Kelly L. Crossley of idealynx, +1-757-566-1032, kcrossley@idealynx.com
Web Site: www.cng-inc.com
