NEWS RELEASE
CONTACT: Susan Morgan, Corporate Communications The Millcraft Paper Company [email protected] 216-429-9836
The Millcraft Paper Company to Acquire the Midwest Business Assets of Ariva from Lindenmeyr Munroe, a Division of Central National-Gottesman
Cleveland, Ohio, July 22, 2013: The Millcraft Paper Company today announced that it has entered into an agreement to acquire the United States Midwest-based business assets of Ariva Distribution, Inc. from Lindenmeyr Munroe (“Lindenmeyr”), a division of Central National- Gottesman Inc. (CNG). In a separate but coordinated business transaction, privately-held CNG entered into its own agreement with Domtar Corporation, Ariva’s parent company, pursuant to which Lindenmeyr, based in Purchase, New York, will first acquire Ariva’s entire U.S. operations.
Millcraft’s acquisition includes Covington, Kentucky-based Ariva’s six Midwest locations in Cleveland, Columbus, Dayton, Cincinnati, Fort Wayne and Indianapolis. The transaction is expected to close at the end of July, 2013, subject to customary closing conditions.
“We couldn’t be more excited about the opportunity to integrate the Ariva operations into our Millcraft business model” said Travis Mlakar, Millcraft’s President. “The acquisition offers us new product lines, including expanded digital capabilities, Ariva’s expertise in packaging, and so much more. However, perhaps the most exciting aspect is the prospect of consolidating two incredible teams of people into a great organization which will continue to be focused on the customer going forward.”
Millcraft has a long history of strategic acquisitions throughout its 93 years of business. The Ariva purchase supports the company’s continuing commitment to locally serve the Midwest fine printing paper market while diversifying its product and service platforms to meet the industry’s changing needs.
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About Millcraft
Founded in 1920 and always headquartered in Cleveland, Ohio, The Millcraft Paper Company is an independent, fourth generation, family-owned distributor of printing and office papers and packaging. The company has a total of 16 sales, distribution and retail divisions in 14 Midwest cities including Cleveland; Akron; Pittsburgh; Buffalo; Columbus; Dayton; Cincinnati; Louisville; Indianapolis; Livonia, Ann Arbor, Detroit, Southfield and Sterling Heights, Michigan. Millcraft is nationally and locally certified as a woman-owned business through the Women’s Business Enterprise National Council (WBENC); the City of Cleveland, and the City of Columbus. Millcraft is committed to environmental sustainability and holds certifications from the Forest Stewardship Council (FSC) and the Sustainable Forestry Initiative (SFI). To learn more, please visit www.millcraft.com.
About Central National-Gottesman
Founded in 1886 and headquartered in Purchase, New York, Central National-Gottesman Inc. 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 its U.S Distribution Division, the largest independent paper merchant in the U.S., comprised of Lindenmeyr, Spicers Paper, Inc. and Kelly Paper Company; and Central National, a global provider of pulp, paper, and packaging. The company's sales of pulp and paper exceed $4 billion annually. To learn more, please visit www.cng- inc.com.
About Domtar
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and adult incontinence products. The foundation of its business is a network of world class wood fiber converting assets that produce paper grade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under the Attends® brand name. Domtar owns and operates Ariva®, a network of strategically located paper and printing supplies distribution facilities. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,800 people. To learn more, visit www.domtar.com.
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