M&A Deal Summary

International Paper Acquires Central Lewmar

On August 17, 2007, International Paper Co. acquired distribution company Central Lewmar LLC from Versa Capital Management for 185M USD

Acquisition Highlights
  • This is International Paper’s 1st transaction in the Distribution sector.
  • This is International Paper’s 8th largest (disclosed) transaction.
  • This is International Paper’s 6th transaction in the United States.
  • This is International Paper’s 2nd transaction in New Jersey.

M&A Deal Summary

Date 2007-08-17
Target Central Lewmar LLC
Sector Distribution
Buyer(s) International Paper Co.
Sellers(s) Versa Capital Management
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

Central Lewmar LLC

Clifton, New Jersey, United States
website
Central Lewmar LLC is a paper and packaging distribution company. The company employs approximately 550 people at three hub centers, 22 offices, and 14 locations, including Strategic Paper Group, Whiteman Tower, Andrews Paper House of York, Buff-Pac, Central Lewmar International, Central Lewmar/MidAtlantic, Central Lewmar/Newark, Central Lewmar South, Automated Machine and Control, First State Paper, Geo. W. Millar, Marquardt & Company, McAliece Imaging Products, and eight PickQuick Papers stores.

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Buyer(S) 1

Buyer

International Paper Co.

Memphis, Tennessee, United States

website


Category Company
Founded 1898
SectorPackaging
Employees38,200
Revenue 19.4B USD (2021)
DESCRIPTION
International Paper facility in Roseville, Minnesota.
International Paper facility in Roseville, Minnesota.

International Paper is a global provider of paper and packaging with manufacturing operations in North America, Europe, Latin America, Asia and North Africa. International Paper was founded in 1898 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 6 of 14
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 2 of 2
Country (United States) 6 of 10
Year (2007) 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-27 Arizona Chemical Co. LLC

Jacksonville, Florida, United States

Arizona Chemical Co. LLC is a producer and refiner of pine chemicals. Its products are environmentally-friendly and are used in thousands of everyday products including fragrances, personal care items, plastics, household cleaners, adhesives, printing inks, decorative pains, tires and rubber products.

Sell $485M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-17 Weyerhaeuser - Containerboard, Packaging and Recycling Business

United States

Containerboard Packaging and Recycling business.

Buy $4.6B

Seller(S) 1

SELLER

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa looks for businesses headquartered in North America generating annual sales of $50 million to $1 billion or valued between $25 to $500 million. Prospective investment situations can include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financing, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 17
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 8
State (New Jersey) 1 of 2
Country (United States) 1 of 17
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-22 Central Parking Corp.

Nashville, Tennessee, United States

Central Parking Corp. is a provider of parking services. Central Parking owns, operates and manages multi-level parking facilities and surface lots, and provides parking-related services, including valet, parking meter collection and enforcements, shuttle bus operations, billing services and parking consulting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-21 Holliston LLC

Church Hill, Tennessee, United States

Holliston LLC is a manufacturer of cloth coverings and serves the book cover material, packaging fabric, and industrial cloth markets.

Buy -