Norampac Inc. announces the purchase of Georgia-Pacific's converting plant in Schenectady, N.Y. Through this acquisition, Norampac increases its presence in the corrugated packaging market in the Northeastern United States. This acquisition fits into Norampac's development plan by increasing its North American integration level to more than 60 percent.
The newly acquired plant has an annual production capacity of more than 900 million square feet. In addition to having developed an expertise in bulk bins and in triple-wall boxes, the new plant has a well-established customer base, experienced staff and solid market reputation.
The acquisition is part of an asset exchange agreement whereby Norampac is acquiring the Schenectady plant in exchange for its plant located in Dallas, Texas and other considerations. This transaction ensures a better geographical positioning of Norampac's plants as well as a substantial improvement in product mix offering in a key strategic market.