KapStone Acquires Central Florida Box
NORTHBROOK, Ill., July 1, 2016 /PRNewswire/ — KapStone Paper and Packaging Corporation (NYSE: KS) today announced that it completed the acquisition of Central Florida Box (CFB) Corporation located in Lake Mary, Florida.
CFB provides design, graphics, manufacturing, assembly, fulfillment, warehousing and distribution services to over 400 customers ranging from small, family-owned companies to large, national corporations.
Chairman and Chief Executive Officer, Roger W. Stone, stated, “The acquisition of Central Florida Box enhances KapStone’s footprint in the strategic Southeast market. In addition, this acquisition further strengthens our goal of increasing integration, providing additional internal opportunities for our Mill Division and Victory Packaging. We believe this business acquisition is a wonderful fit to our overall business strategy.”
Jeff Ramsey, President of Central Florida Box Corporation, stated, “CFB is excited to become a part of the KapStone family. With their Think Big, Act Small philosophy, we believe their goals and values align perfectly with CFB. We will look to expand our footprint in the Florida market and leverage our relationships with existing national customers to grow national accounts for KapStone.”
Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The Company has four paper mills, 21 converting plants and 65 distribution centers. The business has approximately 6,300 employees.
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