Central National-Gottesman (CNG), a leading U.S.-based global distributor of pulp, paper and forestry products, has announced the expansion of its North American distribution business by purchasing Spicers Canada Limited. Headquartered in Vaughan, Ontario, Spicers Canada is one of the country’s primary distributors of fine paper, sign and display media, industrial packaging and graphic arts supplies. The company operates 15 warehouse locations throughout Canada, as well as sheeting facilities and cash-and-carry stores serving local markets.
“Spicers Canada has a very strong competitive position in the market, reflecting its scale, deep set of service capabilities and exceptional leadership,” said Andrew Wallach, CNG President and Chief Executive Officer. “We’re looking forward to working with President Cory Turner and his team to build upon the company’s excellent reputation and market leadership.”
A subsidiary of Australia-based PaperlinX Limited, Spicers Canada has been in business for more than 70 years and has nearly 500 employees. The company will continue to operate independently to ensure customer service and supplier continuity. Spicers Canada represents the eighth acquisition of a regional paper merchant since 2010 for CNG’s North American Distribution Division and is expected to add approximately $400 million (CDN) in annual sales.
“This transaction is an excellent fit with our existing strategy to grow organically and through strategic acquisitions,” added Ken Wallach, CNG’s Executive Chairman. “We believe it demonstrates our enduring commitment to the paper distribution business in North America.” Spicers Canada joins CNG merchants Lindenmeyr Munroe, Spicers Paper (USA) and Kelly Paper in the company’s Distribution Group. The deal is expected to close at the end of this month pending approval by the Competition Bureau of Canada.
CNG is a family-owned $5 billion, global marketer of pulp, paper, tissue, packaging and plywood. Founded in 1886 and headquartered in Purchase, New York, CNG operates through established industry entities in its Distribution, Publishing Papers and International Divisions.
Spicers Canada sold to Central National-Gottesman
