KapStone Paper and Packaging Corp., a large Illinois-based paper products manufacturer, recently acquired Central Florida Box (CFB) Corp. of Lake Mary, Florida.
CFB delivers package design, graphics, production, storage and distribution to its 400-plus clients, from small family enterprises to large national companies.
"CFB is excited to become a part of the KapStone family,” Jeff Ramsey, CFB’s president, said. “With their Think Big, Act Small philosophy, we believe their goals and values align perfectly with CFB. We will look to expand our footprint in the Florida market and leverage our relationships with existing national customers to grow national accounts for KapStone."
KapStone Paper and Packaging Corp., headquartered in Northbrook, Illinois, is the nation’s fifth largest producer of containerboard and corrugated packaging products and the largest kraft paper producer in the U.S., with four paper mills, 21 plants, 65 distribution hubs and approximately 6,300 workers.
"The acquisition of Central Florida Box enhances KapStone's footprint in the strategic Southeast market,” KapStone's Chairman and CEO Roger Stone said. “In addition, this acquisition further strengthens our goal of increasing integration, providing additional internal opportunities for our Mill Division and Victory Packaging. We believe this business acquisition is a wonderful fit to our overall business strategy."