Pulp and Paper Canada

News
Vancouver packaging plants bought by U.S. holding company


February 24, 2015
By Pulp & Paper Canada

Crown Paper Group, Inc. has acquired Port Townsend Holdings Company, which includes the Port Townsend Paper mill in Port Townsend, Wash.; the Crown Packaging plant in Vancouver. B.C.; the Boxmaster packaging plant, also in Vancouver; and…

Crown Paper Group, Inc. has acquired Port Townsend Holdings Company, which includes the Port Townsend Paper mill in Port Townsend, Wash.; the Crown Packaging plant in Vancouver. B.C.; the Boxmaster packaging plant, also in Vancouver; and distribution centers in Kelowna, B.C., and Calgary.

Crown Paper Group is a holding company created in 2015 for investments in the paper and packaging industries. It was created by the investment firm Lindsay Goldberg, which manages $10 billion of equity capital, and is focused on acquiring well managed businesses and actively helping to build long term value.

“We are energized by the opportunity to work with the customers and employees of the Port Townsend Paper mill, Crown Corrugated, and Boxmaster,” said Crown Paper Group CEO Steve Klinger. “We have a track record of engaging employees in involved and productive workplaces, embracing safe work practices, minimizing our environmental footprint, and partnering with the communities in which we operate.”