Profile: KapStone Paper and Packaging Corp (KS.N)
7 Mar 2014
KapStone Paper and Packaging Corporation (KapStone), incorporated on April 15, 2005, is an integrated manufacture and sale of unbleached kraft paper and corrugated products for industrial and consumer markets. During the year ended December 31, 2012, the Company produced 1,558,111 tons of unbleached kraft paper, of which nearly 77% was sold to third party converters or shipped to its corrugated products manufacturing plants based in the United States and 23% was sold to foreign based customers. In 2012, the corrugating plants produced and sold about 383 million tons or 6.2 billion square feet (BSF) of corrugated products in the United States. As of December 31, 2012 the Company operated 14 corrugated products manufacturing plants, comprised of six box plants, six sheet plants, and two sheet feeder plants. In July 2013, the Company completed the acquisition of Longview Fibre Paper and Packaging, Inc.
The Company operates three paper mills in the southeastern United States. In 2012, the Company produced 1,558,111 tons of unbleached kraft paper at its mills in North Charleston, South Carolina, Roanoke Rapids, North Carolina and Cowpens, South Carolina. As of December 31, 2012, the Company’s mills operate on 24 hours a day and seven days a week basis. The Company processes pulp using six paper machines at its facilities.
Containerboard is sold to domestic and foreign converters in the corrugated packaging industry and to other converters for a variety of uses including laminated tier sheets and wrapping material, among others. Kraft paper is sold primarily to domestic converters who produce multiwall bags for agricultural products, pet food, cement and chemicals, grocery bags and specialty conversion products such as wrapping paper products, dunnage bags and roll wrap. Its saturating kraft paper, sold under the trade name Durasorb has a customer base, which is split among three geographic regions, the Americas, Europe and Asia. Its unbleached folding carton board sold under the Kraftpak trade name has a customer base, which consists primarily of integrated and independent converters in the folding carton industry.
The Company competes with International Paper Company, Georgia-Pacific , Rock-Tenn Corporation and Packaging Corporation of America.
KapStone Paper and Packaging Corp
Suite 300, 1101 Skokie Blvd
NORTHBROOK IL 60062