Crown Paper Group Inc (CPG), a company established this year by U.S. private equity firm Lindsay Goldberg, has purchased Port Townsend Holdings Co for an undisclosed amount. The acquired assets in Canada include the Crown Packaging plant in Vancouver; the Boxmaster packaging plant in Vancouver; and distribution centres located in Kelowna, British Columbia and Calgary. CPG, which has its headquarters in Atlanta, Georgia, said that it was created to acquire and build value in businesses in paper and packaging industries.
Crown Paper Group, Inc. Acquires Port Townsend Paper Mill, Crown Packaging, Boxmaster, and Distribution Centers
Crown Paper Group, Inc. has acquired Port Townsend Holdings Company, which includes the Port Townsend Paper mill in Port Townsend, WA; the Crown Packaging plant in Vancouver BC; the Boxmaster packaging plant, also in Vancouver; and Distribution Centers in Kelowna, BC, and Calgary, AB.
Crown Paper Group is a holding company created in 2015 for investments in the paper and packaging industries. The executive leaders of Crown Paper Group have worked together in the paper and packaging industry for a century and a half (collectively) building high performance businesses.
Crown Paper Group has the resources to invest in building businesses over the long term. It was created by the investment firm Lindsay Goldberg, which manages $10 billion of equity capital, and is focused on acquiring well managed businesses and actively helping to build long term value. Lindsay Goldberg’s unique long-term horizon, capital base, culture, approach, experience and intellectual resources reinforce its mission of being a partner of choice. For more information about Lindsay Goldberg please visit www.lindsaygoldberg.com.
“We are energized by the opportunity to work with the customers and employees of the Port Townsend Paper mill, Crown Corrugated, and Boxmaster,” said Crown Paper Group CEO Steve Klinger. “We have a track record of engaging employees in involved and productive workplaces, embracing safe work practices, minimizing our environmental footprint, and partnering with the communities in which we operate. We look forward to applying our ‘Best Practices’ and ‘Excellence Always’ principles to exceed customers’ expectations.”
SOURCE: Crown Paper Group, Inc.
For Crown Paper Group, Inc.
Alan Ulman, 404-345-8365
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