Kapstone Paper and Packaging Corporation was formed in April 2005 to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries.

Roanoke Rapids, NC Kraft Paper Mill

On June 23, 2006, Kapstone Paper, through its wholly-owned subsidiary, KapStone Kraft Paper Corporation, agreed to purchase the Kraft Papers Business of International Paper Company. The business consists of an unbleached kraft paper manufacturing facility in Roanoke Rapids, North Carolina and Ride Rite® Converting, an inflatable dunnage bag manufacturer located in Fordyce, Arkansas with aggregate 2005 revenues of approximately $223 million. The transaction was approved by the shareholders of Kapstone Paper on December 29, 2006 and was consummated on January 2, 2007.

On July 1,2008, KapStone purchased the Charleston Kraft Business from MeadWestvaco, which consists of a large paper mill in Charleston, SC; an on-site cogeneration facility; a lumber mill in Summerville, SC; and five chip mills.  The acquisition effectively tripled the size of KapStone, while adding two paper grades to its product portfolio, DuraSorb® saturating kraft, and kraftpak®.

Kapstone Paper’s common stock, warrants and units trade on NASDAQ under the symbols KPPC, KPPCW and KPPCU, respectively.