Domtar
Corporation today announced that it has entered into an agreement to sell its
Ariva business in the United States to privately-held Central
National-Gottesman Inc. The business will be integrated into Lindenmeyr Munroe
("Lindenmeyr"), a division of Central National-Gottesman, and the
transaction is expected to close at the end of July 2013, subject to customary
closing conditions.
http://www.piworld.com/article/central-national-gottesman-acquires-domtar-s-ariva-operations-in-the-us/1
http://www.piworld.com/article/central-national-gottesman-acquires-domtar-s-ariva-operations-in-the-us/1
Central
National-Gottesman (CNG) today announced that it has entered into an agreement
with Domtar Corp. pursuant to which Lindenmeyr Munroe, a division of CNG, will
acquire the U.S. operations of Domtar's Ariva paper distribution business.
Ariva, headquartered in Covington, KY, is a major U.S. paper distributor, with 15 locations in the East and Midwest. The closing is expected to take place by the end of July 2013. Immediately after the closing, CNG has agreed to sell the Midwest locations of Ariva, located in Cincinnati, Cleveland, Columbus, OH, Dayton, OH, Fort Wayne, IN, and Indianapolis, to The Millcraft Paper Co., a long-established and highly regarded paper merchant headquartered in Cleveland.
Ariva, headquartered in Covington, KY, is a major U.S. paper distributor, with 15 locations in the East and Midwest. The closing is expected to take place by the end of July 2013. Immediately after the closing, CNG has agreed to sell the Midwest locations of Ariva, located in Cincinnati, Cleveland, Columbus, OH, Dayton, OH, Fort Wayne, IN, and Indianapolis, to The Millcraft Paper Co., a long-established and highly regarded paper merchant headquartered in Cleveland.
