10 February 2015
CNG acquires Spicers Canada
PURCHASE, NY—bhbhbCentral National-Gottesman Inc. (CNG), a global distributor of pulp, paper and forestry products, is expanding its North American distribution business by adding Spicers Canada—one of the country’s primary distributors of fine paper, sign and display media, industrial packaging and graphic arts supplies—to its growing portfolio of regional paper merchants.



Spicers Canada president,
Cory Turner
 

The Vaughan, Ontario-based Spicers Canada is a subsidiary of the Australia-based PaperlinX Limited and operates 15 warehouse locations throughout the country, as well as sheeting facilities and cash-and-carry stores serving local markets.  The company has been in business for more than 70 years.

 “Spicers Canada has a very strong competitive position in the market, reflecting its scale, deep set of service capabilities and exceptional leadership,” Andrew Wallach, CNG president and chief executive officer said. “We are looking forward to working with [president] Cory Turner and his team to build upon the company’s excellent reputation and market leadership.”

The company will continue to operate independently to ensure continuity with its customer service, suppliers and almost 500 employees.

This will be the eighth acquisition of a regional paper merchant since 2010 for CNG’s North American distribution division, and it is expected to add approximately $400 million in annual sales.

“This transaction is an excellent fit with our existing strategy to grow organically and through strategic acquisitions,” Ken Wallach, CNG’s executive chairman said. “We believe it demonstrates our enduring commitment to the paper distribution business in North America.”

Spicers Canada joins CNG members Lindenmeyr Munroe, Spicers Paper (US) and Kelly Paper in the company’s Distribution Group. The deal is expected to close at the end of February pending approval by the Competition Bureau of Canada.

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