Kapstone
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Company type | Subsidiary |
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| Headquarters | Northbrook, Illinois, United States |
| Products | Kraft paper, containerboard, Corrugated box, lumber |
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| Total equity | Increase US$ 904.33 million (2016) |
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| Parent | WestRock Company |
| Website | www.westrock.com/kapstone/ |
| Footnotes / references [1] | |
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KapStone Paper & Packaging (formerly Stone Arcade Acquisition Corporation) was an American pulp and paper company based in Northbrook, Illinois. It was founded in 2005 as Stone. Since November 2018 it has been a subsidiary of WestRock Company.
History
Stone Arcade Acquisition Corporation, a special-purpose acquisition company, was started in 2005, and became an ongoing business concern when it completed its first acquisition—of International Paper—in 2007. By 2010, the firm was ranked 5th in Fortune Magazine's list of 100 Fastest-Growing Companies.[3] In 2011 it made the list again, ranked 20th fastest-growing.[4] In October 2011, KapStone was ranked #10 on Forbes list on 100 Best Small Companies.[5]
On August 27, 2015, members of the Association of Western Pulp and Paper Workers at KapStone's Longview paper mill went on strike for 10 days over stalled contract negotiations.[6]
Acquisitions
The firm acquired the Roanoke Rapids kraft paper mill from International Paper in January 2007. In July 2008, it acquired the Charleston kraft paper mill from MeadWestvaco.
On October 31, 2011, KapStone acquired U.S.Corrugated, Inc.[7][8][9] It was started in 2006 by Dennis Mehiel, and primarily produces corrugated industrial packaging,[10] with manufacturing facilities in seven states.[11][12]
KapStone acquired Longview Fibre Paper and Packaging from Brookfield Asset Management on July 18, 2013 .[13] Two years later, on June 1, 2015, it acquired Victory Packaging, headquartered in Houston, Texas.[14]
On November 2, 2018, KapStone itself was acquired by rival pulp and paper company, WestRock Company.[15][16]
References
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- ^ Page Module:Citation/CS1/styles.css has no content."US SEC: Form 10-K KapStone Paper and Packaging Corporation". U.S. Securities and Exchange Commission. Retrieved January 29, 2018.
- ^ Page Module:Citation/CS1/styles.css has no content."KapStone Paper & Packaging". Fortune. Archived from the original on 2018-09-10. Retrieved 2019-02-21.
- ^ 100 Fastest-Growing Companies 2010: KapStone Paper and Packaging - KS - from Fortune Magazine
- ^ 100 Fastest-Growing Companies 2011: KapStone Paper and Packaging - KS - Fortune on CNNMoney
- ^ America's Best Small Companies - Forbes
- ^ KapStone Workers on Strike
- ^ Kapstone - Investors - News Release[permanent dead link]
- ^ KapStone acquiring U.S. Corrugated - Roanoke Rapids Daily Herald[permanent dead link]
- ^ Page Module:Citation/CS1/styles.css has no content."KapStone acquiring U.S. Corrugated - Roanoke Rapids Daily Herald". Archived from the original on 2012-08-02. Retrieved 2012-07-09.
- ^ Page Module:Citation/CS1/styles.css has no content."KapStone to Acquire U.S. Corrugated". .packaginginsights.com/.
- ^ Page Module:Citation/CS1/styles.css has no content."WestRock Container LLC - Company Profile and News". Bloomberg.com.
- ^ Page Module:Citation/CS1/styles.css has no content."KapStone acquiring 14 US Corrugated plants and a paper mill for $330M". Bloomberg Business Week. Archived from the original on September 24, 2015. Retrieved July 8, 2012.
- ^ Page Module:Citation/CS1/styles.css has no content."KapStone Completes Acquisition of Longview Fibre Paper and Packaging, Inc". Retrieved 2013-07-18.
{{cite web}}: CS1 maint: deprecated archival service (link) - ^ KapStone to Buy Victory Packaging in $615 Million Deal
- ^ Page Module:Citation/CS1/styles.css has no content."WestRock Signs Definitive Agreement to Acquire KapStone for $35 per Share". WestRock Company. January 29, 2018. Retrieved January 30, 2018.
- ^ Page Module:Citation/CS1/styles.css has no content."WestRock Completes Acquisition of KapStone". WestRock Company. November 2, 2018. Retrieved April 25, 2019.
External links
Template:Finance links historical
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