Cement News tagged under: Longview Fibre packaging

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USA: KapStone Paper to buy Longview Fibre for US$1.03bn

11 June 2013, Published under Cement News

KapStone Paper and Packaging Corp said on Monday it struck a deal to buy Longview Fibre Paper and Packaging Inc for US$1.03bn in cash, in a move to bulk up its production of containerboard used in making cardboard boxes. KapStone Chairman and Chief Executive, Roger W Stone, said the acquisition will immediately increase the company’s earnings and generate strong cash flow. He added that the firm has high interest in expanding its Kraft paper line, including Longview Fibre’s FibreShield, a h...