Chicago, IL – June 30, 2022 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Lewis Paper International, Inc. (Lewis Paper or the Company) to Central National Gottesman Inc. (CNG). BDO Capital served as exclusive financial advisor to Lewis Paper on this transaction, which builds on the firm’s experience advising family-owned businesses in the distribution sector.
Founded in 1982 and headquartered in Addison, IL, Lewis Paper is a leading distributor of paper, envelopes, and packaging products to middle-market businesses in Illinois, Colorado, Indiana, and Michigan. The Company also offers a broad variety of wide format and office products. Lewis Paper operates out of six distribution center facilities located close to their customers to guarantee an efficient order process, and often same-day delivery.
“The shareholders and management of Lewis Paper are thrilled that the Company has been acquired by CNG, who we believe is a strong strategic fit and with whom we share a common culture which positions the business well for continued success,” said Bob Zessis, President of Lewis Paper.
“The acquisition of Lewis Paper continues our history of commitment to the paper business and the commercial printing sector,” said Andrew Wallach, CEO of CNG. “Adding their facilities to our Lindenmeyr Munroe and Kelly Spicers operations allows us to strengthen our service and inventory levels for paper, packaging and wide format customers.”
CNG is a $7 billion sales and distribution organization that owns businesses in the global pulp, paper, tissue, packaging, nonwovens & fibers, wood products, and metals industries. Founded in 1886 and headquartered in Purchase, NY, CNG employs 3,000 people in 29 countries.
