CNG\'s Spicers Paper Expands Packaging Business, Acquires Southern California\'s Premiere Packaging Industries, Inc.
14 May 2019
PURCHASE, N.Y., May 13, 2019 /PRNewswire/ -- Central National Gottesman Inc. (CNG), which owns a range of sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products and metals industries, announced today that its Spicers Paper division has acquired Premiere Packaging Industries, Inc., expanding into one of the industry's fastest-growing segments.
Premiere Packaging Industries (PPI), based in Cerritos, CA, is a full-line packaging supply distributor that has been in business since 1999. PPI specializes in providing customers with custom and stock corrugated and poly products used in a range of sectors, particularly manufacturing and large-scale distribution operations.
"We have been committed during the past few years to developing our capabilities within the packaging industry," said Andrew Wallach, CNG President and Chief Executive Officer. "Our North American Distribution business is focused on accelerating that growth by providing a broader range of packaging products and solutions to our new and existing customers, and the acquisition of Premiere Packaging is consistent with that strategy."
Wallach added that PPI President John Luyben will continue building on the strong foundation that he and his team have built over the last 20 years. Luyben will report to Spicers President Jan Gottesman, and the company will continue to operate independently under its Premiere Packaging Industries name.
"We look forward to welcoming the PPI team to Spicers Paper, and sharing our core strengths of technology, product availability and logistics as we continue to build our packaging business throughout the West," said Gottesman. "PPI has deep expertise in the packaging industry that will benefit all of our packaging customers in the future."
Spicers Paper is a privately held, independent paper merchant serving the Western U.S. and is committed to ongoing investment in its core business of commercial printing papers while diversifying into growth areas such as wide-format, digital products and packaging.
About Central National Gottesman Inc.
Central National Gottesman Inc. (CNG) is a $6 billion sales and distribution organization that owns businesses in the global pulp, paper, tissue, packaging, wood products and metals industries. Founded in 1886 and headquartered in Purchase, NY, CNG employs more than 3,000 people in 29 countries around the world. CNG is privately held, and builds on more than 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.
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SOURCE Central National Gottesman Inc.