Central National-Gottesman Buys Hudson Valley Paper

March 3, 2011 - Central National-Gottesman (CNG) announced that its Lindenmeyr Munroe division has acquired the assets and business of Hudson Valley Paper Company, a long-standing fine paper merchant in the New York and New England region.

Hudson Valley is headquartered in Albany, NY, where it maintains its principal warehouse and administrative offices. The company also operates warehouses and sales offices in Rochester, New York; Burlington, Vermont; and Hartford, Connecticut.

"Hudson Valley was founded in 1875 and is one of the leading fine paper distributors in the Northeast," said Ken Wallach, chairman and chief executive officer of CNG.

"Hudson Valley is managed by members of the fourth and fifth generation of the founding family and maintains the pride, integrity, and professionalism embodied in its long and distinguished history," Wallach added.

Terms of the deal were not disclosed.

SOURCE: Central National-Gottesman Inc.