CNG's Spicers Paper Division Acquires Premiere Packaging Industries
Central National Gottesman Inc. (CNG), which owns a range of sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products and metals industries, announced that its Spicers Paper division has acquired Premiere Packaging Industries, Inc., expanding into one of the industry's fastest-growing segments.
Premiere Packaging Industries (PPI), based in Cerritos, Calif., is a full-line packaging supply distributor that has been in business since 1999. PPI specializes in providing customers with custom and stock corrugated and poly products used in a range of sectors, particularly manufacturing and large-scale distribution operations.
"We have been committed during the past few years to developing our capabilities within the packaging industry," said Andrew Wallach, CNG President and Chief Executive Officer. "Our North American Distribution business is focused on accelerating that growth by providing a broader range of packaging products and solutions to our new and existing customers, and the acquisition of Premiere Packaging is consistent with that strategy."
Wallach added that PPI President John Luyben will continue building on the strong foundation that he and his team have built over the last 20 years. Luyben will report to Spicers President Jan Gottesman, and the company will continue to operate independently under its Premiere Packaging Industries name.
"We look forward to welcoming the PPI team to Spicers Paper, and sharing our core strengths of technology, product availability and logistics as we continue to build our packaging business throughout the West," said Gottesman. "PPI has deep expertise in the packaging industry that will benefit all of our packaging customers in the future."
Spicers Paper is a privately held, independent paper merchant serving the Western U.S. 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.
Source: Central National Gottesman
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly express the thoughts opinions of Printing Impressions.
