Profile: KapStone Paper and Packaging Corp (KS.N)
23 Jun 2017
KapStone Paper and Packaging Corporation, incorporated on April 15, 2005, is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets. The Distribution segment, which operates under the Victory and Golden State Container trade names, provides its customers packaging solutions and services and distributes corrugated packaging materials and other specialty packaging products, which include stretch film, void fill, carton sealing tape and other specialty tapes. It produces a range of products ranging from basic corrugated shipping containers to specialized packaging. It produces packaging for fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
As of December 31, 2016, the Company operated a network of 60 distribution centers across the United States, Mexico and Canada, which distributed packaging materials to a range of customers and industry segments. As of December 31, 2016, it operated four paper mills, three in the Southeastern region and one in the Pacific Northwest region of the United States. As of December 31, 2016, it operated 23 corrugated products manufacturing plants, consisted of 13 box plants, eight sheet plants and two sheet feeder plants. As of December 31, 2016, its corrugated products manufacturing plants operated in 15 states in the United States. As of December 31, 2016, it produced 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.
Paper and Packaging
Containerboard, consisting of linerboard and corrugated medium, is primarily used to manufacture corrugated containers for packaging products. The primary end-use markets for corrugated products include food, beverages and agricultural products; general retail and wholesale trade; paper products; miscellaneous manufacturing; petroleum, plastic, synthetic, and rubber products, and appliances, vehicles, and metal products. The Company's specialty paper products include kraft paper, saturating kraft and unbleached folding carton board. It produces three categories of kraft paper, including multiwall paper, specialty products and lightweight paper. Multiwall paper is used to produce bags for agricultural products, pet food, baking products, cement and chemicals. It offers FibreShield and TEA-Kraft lines of products. The Company also manufactures durable flat multiwall sack paper for a range of end use applications.
The Company's specialty paper products are manufactured for a range of converters, including laminators, coaters, insulation manufacturers, agricultural product processors and food product packaging producers. The Company's lightweight virgin furnished papers are produced from specifically blended wood chip recipes. These wood chip and pulp recipes are designed to develop paper properties important for a range of specialty packaging end uses and coating base paper applications. Its product line, FibreGreen, is composed of old corrugated containers (OCC) processed in the Company's OCC facility and are available in a range of basis weights. Saturating kraft is used in various industries across the world, including construction, electronics manufacturing and furniture manufacturing. Unbleached folding carton board is a low density virgin fiber board.
The Distribution segment, through Victory Packaging, L.P.'s (Victory's) operations, works with customers to manage and facilitate the various aspects of packaging and distribution, including packaging design, creation, storage, delivery and management. Victory also oversees local packaging and distribution for regional customers. As of December 31, 2016, the Distribution segment's national network included approximately six million square feet of warehouse space and approximately 230 delivery vehicles.
The Company competes with International Paper Company, Koch Industries, Inc., WestRock Company and Packaging Corporation of America.
KapStone Paper and Packaging Corp
1101 Skokie Blvd Ste 300
NORTHBROOK IL 60062-4124