KapStone Ranked 10th Best Small Company in America by Forbes
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KapStone Paper and Packaging Corp., Northbrook, Ill., USA, has been ranked 10th overall on Forbes' annual list of the 100 Best Small Companies, according to the rankings included in the magazine's November 5 issue. Forbes determined the rankings based on return on equity, growth of earnings and sales, and the relative stock performance of each company compared with that of its peers over the past 12 months and over five years.
Roger Stone, KapStone CEO, said that "we are very pleased with the recognition from Forbes as the 10th best small company in America, and we will strive to maintain the quality and momentum of our growth with the completion of our latest acquisition of U.S. Corrugated."
KapStone Paper and Packaging Corp. is a producer of unbleached kraft paper products and linerboard. The company is the parent company of KapStone Kraft Paper Corp., which includes paper mills in Roanoke Rapids, N.C., and North Charleston, S.C., a lumber mill in Summerville, S.C., and five chipping mills in South Carolina. The business currently employs some 1,600 people. It recently announced plans to acquire U.S. Corrugated for $330 million.
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