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Gould Paper Agrees to Buy Southern Paper

Sept. 13, 2006 - Gould Paper said that it has signed a letter of intent to buy Southern Paper, Inc., of Miami, Florida.

Following the purchase, Gould will merge its existing Miami operation into Southern. The combined operations will trade under the name Southern Paper, Inc., and Mike Franquiz will continue as its president, Gould said.

The deal is expected to close by the end of September.

Southern Paper is a privately held paper merchant headquartered in Miami and was established in 1997.

Founded in 1924 and headquartered in New York City, Gould Paper Corporation has revenues in excess of $1 billion and is a member of the “quartet” that comprises North America’s largest distributors of printing and business papers. Gould has operations throughout the United States and internationally in the United Kingdom; Paris, France; Helsinki, Finland; Dubai; Singapore; Auckland, New Zealand; Hong Kong; Shanghai, China; and Manila, Philippines.

SOURCE: Gould Paper Corp.




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