KapStone acquires Associated Packaging Incorporated (API)
February 1, 2017
KapStone Paper and Packaging Corporation announced that it has completed the acquisition of the assets of Associated Packaging, Inc. and Fast Pak, LLC (together, API). API is headquartered in Greer, South Carolina and has 77 employees.
API provides corrugated packaging and digital production needs serving a diverse customer base including an emphasis on fulfillment and kitting for the Automotive and Consumer Products Industries.
President and Chief Executive Officer, Matthew Kaplan, states: “The acquisition of API further enhances KapStone’s footprint in the strategic Southeast market. The acquisition strengthens our goal of increasing integration, providing additional internal opportunities for our overall business. We believe API brings immediate value to our overall business strategy.”
About KapStone
Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The company has four paper mills, 24 converting facilities and approximately 60 distribution centers and employs approximately 6,400 people.
