Crown Paper Group to Acquire Port Townsend, Crown Packaging, Boxmaster
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Crown Paper Group, Atlanta, Ga., USA, Inc. has agreed to purchase Port Townsend Holdings Co., which includes the Port Townsend Paper mill in Port Townsend, Wash., the Crown Packaging plant in Vancouver B.C., Canada, the Boxmaster packaging plant (also in Vancouver), and Distribution Centers in Kelowna, B.C., and Calgary, Alb., Canada. The transaction will close in the next few days.
Crown Paper Group is a holding company created in 2015 for investments in the paper and packaging industries. The executive leaders of Crown Paper Group have worked together in the paper and packaging industry for a century and a half (collectively), building high performance businesses, the company notes.
"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. We look forward to applying our ‘best practices’ and ‘excellence always’ principles to exceed customers’ expectations."
