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Lindenmeyr Munroe Strengthens Presence in Minnesota by Signing a Purchase Agreement with C.J. Duffey Paper Company, Closed on March 31, 2016

PURCHASE, New York, March 21, 2016–Central National Gottesman Inc. (CNG), a leading sales and marketing organization in the global pulp, paper and forest products industry, announced today that its Lindenmeyr Munroe division will acquire the business of C.J. Duffey Paper Company in Minneapolis and Duluth, strengthening Lindenmeyr Munroe’s sales force and expanding its presence in the Midwest market.

Headquartered in Minneapolis, C.J. Duffey has served the Midwest print community since its founding in 1945. The company is managed by second- and third-generation family members, and maintains the same integrity and professionalism embodied in its distinguished history.

“The acquisition of C.J. Duffey underscores our commitment to the paper distribution business in North America,” said Andrew Wallach, CNG President and Chief Executive Officer. “The company enjoys a rich 70-year history in the Midwest, and we look forward to building on its strong presence in the region.”

Lindenmeyr Munroe President Bill Meany added that the acquisition is a great fit for his organization, the largest privately held, independent paper merchant in the U.S. and a leading distributor of quality commercial printing papers, business and communications paper, and packaging products.

“We are confident that this acquisition will enable us to offer our customers and suppliers an unrivaled level of service,” said Meany. “It allows us to strengthen our position in the important Midwest market, while reinforcing our ability to add value to the commercial print community.”

The transaction is expected to close March 31, 2016.

 

About Central National Gottesman Inc.

Central National Gottesman Inc. (CNG) is a $5.5 billion sales and marketing organization in the global pulp, paper, tissue, packaging and plywood industry. Founded in 1886 and headquartered in Purchase, NY, CNG operates through established industry entities in its Distribution, Publication Papers and Central National divisions, building on 130 years of family ownership, market knowledge and adaptability to create value for clients around the world. To learn more, please visit www.cng-inc.com.