Midland Paper Announces Change in Ownership Structure

Stan Hooker

WHEELING, Ill. - January 8, 2018 - Midland Paper, Packaging and Supplies, announced that Stan Hooker, the company’s long-time chairman and CEO, has retired and sold his majority interest in the company to his three partners, Ralph DeLetto, Mike Graves and Jim O’Toole.  This transition allows the company to continue its long tradition of being the leading independent paper and packaging distribution company in North America.

Hooker said: “The timing of this transition is good for me personally, as my wife and I can devote more time to being with our friends and family, and the timing is good for Midland given the company’s strong financial position and its proven senior leadership team at the helm.”

Mike Graves, the company's president and COO, will assume the role of CEO. Graves noted, "we are grateful to Stan for his longstanding leadership at Midland, and we look forward to continuing Midland’s legacy as an entrepreneurial, independent organization that strives to be the first choice for suppliers and customers alike.”

With $1.0 billion in annual sales, Midland Paper, Packaging and Supplies is one of the largest independently-owned merchant distributors of media for business communications in North America. Midland’s access to the world’s highest quality paper mills and substrate manufacturers, combined with its commitment to provide excellent customer service and unmatched industry expertise, uniquely positions the company for continued growth.

Source: Midland Paper.

The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.