Norampac acquires NY plant in exchange of TX
April 15, 2003 By Pulp & Paper Canada
Norampac Inc. is acquiring Georgia-Pacific’s converting plant in Schenectady, NY, approximately 300 km south of Mon…
Norampac Inc. is acquiring Georgia-Pacific’s converting plant in Schenectady, NY, approximately 300 km south of Montreal, as part of an asset exchange agreement in exchange for its plant in Dallas, TX and other considerations.
With an annual production capacity of over 900 million square feet, the Schenectady plant will create synergies with other Norampac plants specializing in corrugated products and containerboard manufacturing. In addition to having developed an expertise in bulk bins and in triple-wall boxes, the new plant has a well-established customer base, experienced staff and solid market reputation. Its strategic location will allow Norampac to offer outstanding delivery service in both Canada and the United States.
This new acquisition fits into Norampac’s development plan by increasing its North American integration level to over 60%.
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