New Leaf Paper has been acquired by FutureStake, based in Gettysburg, Penn., USA reported a local Fox news affiliate Dec. 12, 2018.

"We at New Leaf Paper and FutureStake are committed to a vibrant, green-centric economy working for and with nature and our clients," said FutureStake president Timothy Shields. "We want to make sure our children, our communities, our country and our continent enjoy health, prosperity, happiness, and our natural environment, for generations to come."

Michelle Thornton, New Leaf’s VP since 2008, will remain in her role with the company, while Yen Lam was appointed the new president and CIO. The founder of New Leaf, Jeff Mendelsohn, has stepped down from his role as president.

"As an industry leader in environmental sustainability, we are thrilled with this opportunity to continue to work with our clients and strengthen our commitment to reducing carbon footprints and conserving our precious natural resources," said Thornton.

"I am incredibly excited to assume this new role for the future of the company," said Lam. "As a B-corporation, New Leaf Paper is more committed than ever to honoring our mission to drive sustainability in the paper industry. We are dedicated to bringing innovative and truly environmentally responsible products to the market. I'm proud to be working with both New Leaf and Future Stake, companies that are at the forefront of environmental preservation and education."