Georgia-Pacific continues to expand its corrugated packaging business with the acquisition of Ohio-based PAX Corrugated Products. PAX operates a corrugated sheet plant with more than 100 employees in Lebanon, Ohio. Terms of the deal are not disclosed. “Georgia-Pacific has had a working relationship with PAX Corrugated for many years so we knew their organization would be an excellent fit with the GP Corrugated team,” said Billy Medof, president – GP Corrugated. “The PAX team will continue to deliver quality products and service to their customers as they do today. Their graphics and converting proficiency will accelerate our growth in digitally printed sheets from our Digital Print Solutions business and their display capability will expand our growing display business.”
The company’s acquisition has been finalized.
Feldmuehle Uetersen announced that it will be transferred to a subsidiary of the Berlin-based Beteiligungsgesellschaft Kairos Industries with effect from 15 June 2018 and will be continued in full. ‘Feldmuehle’ was founded specially for the transfer.
The insolvency administrator and restructuring expert Dr. Tjark Thies from the Hamburg law firm Reimer Rechtsanwälte had concluded an acquisition agreement with Kairos in May 2018. This agreement was under several challenging conditions, which were met the week ended June 15.
“The successful completion of this refurbishment is largely thanks to the dedication, flexibility and responsiveness of the Feldmuehle employees,” says Thies.