Lindenmeyr Munroe signs letter of intent to acquire the Hudson City division of paper supplier Frank Parsons
PURCHASE, New York, December 14, 2009 (press release) — Central National-Gottesman Inc. today announced that its Lindenmeyr Munroe division has signed a letter of intent to acquire the Hudson City division of Frank Parsons, Inc., based in West Caldwell, New Jersey. The acquisition is expected to close on or before December 31, 2009.
“The Hudson City division of Frank Parsons, Inc. has a long and successful history as one of the preferred paper suppliers in the metropolitan New York area,” said Ken Wallach, Chairman and Chief Executive Officer of Central National-Gottesman Inc. “We look forward to combining the excellent resources of the Hudson City division with our New York sales and support group, located in our state-of-the-art regional distribution center in Moonachie, New Jersey. This acquisition will strengthen Lindenmeyr Munroe’s leading position in the important New York market and underscores our continued commitment to expand our paper distribution business, both internally and through strategic acquisitions.”
Founded in 1886 and headquartered in Purchase, New York, Central National- Gottesman Inc., is a leading international marketer of pulp and paper, with sales offices in 28 U.S. cities and 20 countries worldwide. The Lindenmeyr Munroe division of Central National-Gottesman is the largest independent paper distributor in the United States and supplies paper to a wide variety of customers, including corporations, commercial printers, and magazine, catalogue, and book publishers. Lindenmeyr Munroe has 12 modern distribution centers located in the Northeast, Mid-Atlantic, and Midwest regions. For more information, please visit http://www.cng-inc.com.
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