New Leaf Paper Acquired by Pennsylvania-based FutureStake
Dec. 12, 2018 New Leaf Paper on Dec. 4 announced that the company has been acquired by FutureStake, Inc., a corporation based in Gettysburg, Pennsylvania.
Terms of the deal were not disclosed.
Michelle Thornton, who has served as Vice President of New Leaf since 2008, will continue in that role. Jeff Mendelsohn, New Leaf's founder, has stepped down from his role as President and has moved on from the company.
Yen Lam has been appointed President and Chief Information Officer. She will assume day-to-day leadership of the company.
I am incredibly excited to assume this new role for the future of the company, said Lam. As a B Corporation, New Leaf Paper is more committed than ever to honoring our mission to drive sustainability in the paper industry. We are dedicated to bringing innovative and truly environmentally responsible products to the market.
New Leaf Paper will be headquartered in Gettysburg and will retain its Walnut Creek office in California.
SOURCE: New Leaf Paper