Kapstone

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KapStone Paper and Packaging
Type Public
Traded as NYSEKS
Industry Pulp and Paper
Founded April 2005
Headquarters Northbrook, Illinois
Key people Roger W. Stone Chairman & CEO, Matt Kaplan Chief Operating Officer
Products Kraft paper, containerboard, Corrugated box, lumber
Revenue US$ 1,748 million (2013)
Operating income US$ 219.9 million (2013)
Net income US$ 127.3 million (2013)
Employees 4,600
Website www.kapstonepaper.com

KapStone Paper and Packaging is an American pulp and paper company based in Northbrook, IL.

The company has Kraft paper manufacturing facilities in Roanoke Rapids, NC, Cowpens, SC, North Charleston, SC[1] and Longview, WA, a lumber mill in Summerville, SC and 22 Corrugated box and Corrugated fiberboard plants. It has approximately 4,600 employees.

History[edit]

The firm was originally started as a Special-purpose acquisition company in 2005, it became an ongoing business concern when it 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.

In 2010, the firm was ranked 5th in Fortune Magazine's list of 100 Fastest-Growing Companies.[2] In 2011 it made the list again, ranked 20th fastest-growing.[3]

In October 2011 KapStone was ranked #10 on Forbes list on 100 Best Small Companies[4]

On October 31, 2011 KapStone acquired U.S.Corrugated, Inc. for $330 million.[5][6]

On July 18, 2013 KapStone acquired Longview Fibre Paper and Packaging for $1.025 Billion.[7]

Subsidiaries[edit]

The are several subsidiaries operating in specific fields or in spedific countries: KapStone Kraft Paper Corporation, KapStone Charleston Kraft LLC, KapStone Container Corporation, KapStone Europe SPRL, KapStone Asia Limited.

Products[edit]

KapStone produces sack paper, containerboard, saturating Kraft products, Corrugated fiberboard sheets and boxes, and construction lumber. The company’s paper brands include Kraftpak®, DuraSorb®, TEA-Kraft®, FibreLok®, FibreShield® and FibreGreen®.

References[edit]

  1. ^ KapStone Paper buying 6 MeadWestvaco mills for $485 million
  2. ^ 100 Fastest-Growing Companies 2010: KapStone Paper and Packaging - KS - from FORTUNE
  3. ^ 100 Fastest-Growing Companies 2011: KapStone Paper and Packaging - KS - FORTUNE on CNNMoney
  4. ^ America's Best Small Companies - Forbes
  5. ^ Kapstone - Investors - News Release
  6. ^ * KapStone acquiring U.S. Corrugated - Roanoke Rapids Daily Herald
  7. ^ KapStone Completes Acquisition of Longview Fibre Paper and Packaging, Inc.

External links[edit]