M&A Deal Summary

International Paper Acquires Central Lewmar

On August 17, 2007, International Paper acquired distribution company Central Lewmar 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 9th 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
Sector Distribution
Buyer(s) International Paper
Sellers(s) Versa Capital Management
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

Central Lewmar

Clifton, New Jersey, United States
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

Memphis, Tennessee, United States
Category Company
Founded 1898
Sector Packaging
Employees38,200
Revenue 18.9B USD (2023)
DESCRIPTION
International Paper's corporate headquarters in Memphis, Tennessee.
International Paper's corporate headquarters in Memphis, Tennessee.

International Paper is a multinational company operating in the packaging and paper industry. International Paper provides sustainable packaging, pulp, and paper products and serves a diverse range of customers, including manufacturers, retailers, and consumers. International Paper was founded in 1898 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 6 of 15
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New Jersey) 2 of 2
Country (United States) 6 of 10
Year (2007) 1 of 1
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-27 Arizona Chemical

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

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

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 19
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 8
State (New Jersey) 1 of 2
Country (United States) 1 of 19
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-22 Central Parking

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

Church Hill, Tennessee, United States

Holliston is a manufacturer of cloth coverings and serves the book cover material, packaging fabric, and industrial cloth markets. Holliston was formed in 1893 and is based in Church Hill, Tennessee.

Buy -
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