Crown Paper Group Names Lindsay Chief Executive Officer
Board Converting NEWS INTERNET DIRECTORY
Port Townsend, Washington based Crown Paper Group announced that Will Lindsay has been named Chief Exec- utive Officer. Lindsay previously served as Senior Director, Global Papers Strategy and Product Optimization at We- stRock. Crown Paper Group, including Port Townsend Paper Company and Crown Corrugated Company, is an integrat- ed mill and containerboard operation with a strategic pres- ence in the Pacific Northwest and Western Canada. “This is an exciting and transformative time at Crown and Will brings the sector knowledge and leadership we need as we chart the course for a great future for Crown Paper Group,” said Randy Nebel, Chairman of the Crown Paper Group Board of Directors. Lindsay brings to Crown Paper Group more than three decades of experience in the paper and packaging indus- try, including leadership across global sales and market- ing, supply chain, and product performance. He has held various positions at Longview Fibre Paper & Packaging Inc., KapStone Paper & Packaging Inc., and WestRock. “I am thrilled to be joining the Crown team and looking forward to working with my new colleagues to strengthen the business, positioning us for long-term market leader- Delaware, Ohio based Greif, Inc., a global leader in indus- trial packaging products and services, announced that it has completed its previously announced acquisition of Lee Container Corporation, Inc. “We are thrilled to welcome our Lee Container col- leagues to Greif,” said Ole Rosgaard, President and Chief Executive Officer of Greif. “Completion of this acquisition is very exciting for both companies. Lee is a premiere organi- zation and fits perfectly within the strategic parameters of our repeatable M&A playbook. We foresee abundant op- portunities to continue growing Lee organically as well as seeking add-on acquisitions to further broaden our foot- print in jerrycans and small plastics.” The cash transaction of $300 million, subject to final closing adjustments, was funded through the company’s existing credit facility. Greif estimates that it will be able to achieve at least $6 million in synergies and performance improvements within the next 24 months. Lee’s financial results will be reported within the Greif Global Industrial Packaging segment. The business is ex- pected to be immediately accretive to margins, cash flow, and earnings. In addition, Lee’s product lines will provide immediate further diversification to the global Greif portfo- lio, and Lee’s end market mix will accelerate the Compa- ny’s shift into less cyclical end market exposures. ship,” Lindsay said. “I can’t wait to get to work.” Greif Completes Acquisition Of Lee Container For $300M
OHIO BLOW PIPE/ADVANCED AIRSYSTEMS www.obpairsystems.com For 85 years the Ohio Blow Pipe company and its whol- ly owned subsidiary, Advanced Airsystems, have provided the corrugated and folding carton industries with systems and products to process scrap. We engineer, fabricate, in- stall, service, provide system audits, and offer a wide range of scrap systems, dust collection systems and products to include cyclones, under roof AIR-SCREEN™ systems, pit belt systems, CLEANAIR dust collectors, Mist-Clone™ dust control systems for vacuum feeds, material handling fans, ductwork, switch valves, airveyors, balers, shredders and dust briquetters. OMP www.omp.com OMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized sup- ply chain planning solution on the market. Its Unison Plan- ning concept has a unique approach. It handles all supply chain planning challenges in a unified way, synchronizing all planning stages, horizons, functions and roles. Hundreds of customers run OMP’s cloud-based solution to generate more value by making informed decisions. OMP invests one out of every three dollars earned into innovation.
PAPER AND DUST PROS, INC. www.paperanddustpros.com
We custom design, install and service air conveyed scrap and dust collection systems. Our unique APS® is smaller, lighter, and more reliable than current cyclones. Contact us to learn how the APS® System can enhance your operation.
PROFERO SYSTEMS, INC. www.ProferoSystems.com
Profero Systems the leader in double facer heating and traction section conversions along with other performance enhancing products. Featuring products from Contact Bars and Compensating Rolls to New Glue Machines and Double Facers.
GF PUHL www.gfpuhl.com
GF PUHL designs, manufactures and installs air conveyed scrap & dust collection systems for the packaging and cor- rugated industries. With 39 years of experience, USA and International. We offer below or above roof systems featur- ing cyclones OR screen separators with real time pressure balancing for optimal dust control. High efficiency cyclones for sheet transfer exhaust systems eliminate water con- sumption and deliver dust directly to compactor or briquet- ter for low maintenance, long term sustainability and reli- ability. System audits, dust explosivity tests and dust hazard analysis (DHA’s) available. Re-manufactured balers, filters, blowers and shredders available at significant savings.
38
www.boardconvertingnews.com
December 26, 2022
Made with FlippingBook Online newsletter maker