Central National-Gottesman acquires Hudson Valley Paper Company

PURCHASE, New York, March 1, 2011–Central National-Gottesman Inc. today announced that its Lindenmeyr Munroe division has acquired the assets and business of Hudson Valley Paper Company, one of upstate New York and New England’s oldest and most respected fine paper merchants.  Hudson Valley is headquartered in Albany, NY, where it maintains its principal warehouse and administrative offices.  The company also operates warehouses and sales offices in Rochester, NY; Burlington, VT; and Hartford, CT.

“Hudson Valley was founded in 1875 and is one of the leading fine paper distributors in the Northeast,” said Ken Wallach, Chairman and Chief Executive Officer of Central National-Gottesman.  “Hudson Valley is managed by members of the fourth and fifth generation of the founding family and maintains the pride, integrity, and professionalism embodied in its long and distinguished history.  We look forward to adding the accomplished professionals at Hudson Valley to our existing New England sales and support team.  This acquisition enables us to offer our customers and suppliers an unrivaled level of service while strengthening our leading position in the important Northeast market.”

This transaction is Lindenmeyr Munroe’s fourth acquisition of a paper merchant in the past 15 months, including three in the United States and one overseas.  It demonstrates Central National-Gottesman’s commitment to the paper distribution business and the company’s strong desire to grow, both organically and through strategic acquisitions.

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