CNG's Lindenmeyr Munroe Division Acquires Texas-Based Olmsted-Kirk Paper Company
Founded in 1905, Olmsted-Kirk is a fourth-generation, family owned and operated paper distributor based in Texas.
Aug. 13, 2018 - Central National Gottesman Inc. (CNG) announced today that its Lindenmeyr Munroe division has acquired the business of Texas-based Olmsted-Kirk Paper Company, expanding its reach into the Southwestern United States.
Financial terms of the deal were not disclosed
Olmsted-Kirk is a fourth-generation, family owned and operated paper distributor, founded in 1905 to serve the region's graphics and print communities. In addition to five sales and distribution offices in key Texas cities, the company also operates 11 retail locations and a JanSan equipment and supply business.
"As we continue to look for strategic growth in our core paper business, expanding into the Southwest makes a lot of sense to us," said Andrew Wallach, CNG President and Chief Executive Officer. "Olmsted-Kirk's leadership, market reputation and talented employees make the acquisition very attractive for CNG."
Wallach added that Olmsted-Kirk President Mike Engels will continue in his role, reporting to Lindenmeyr Munroe President William Meany, and that the company will continue to operate under its Olmsted-Kirk name.
"The size of the Southwest market and its continued growth is a major driver in our expansion into the region," said Meany.
Lindenmeyr Munroe is the largest privately held independent paper merchant in the U.S., committed to ongoing investment in its core business of commercial printing papers while diversifying into growth areas such as wide-format, packaging and JanSan.
SOURCE: Central National Gottesman Inc.