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New Jersey business merger: Paper company purchases Putney Paper

A New Jersey paper company has purchased Putney Paper in an agreement with APC Paper Holdings. The business merger will add to Soundview Paper Company, LLC's commercial towel manufacturing. Soundview believes this addition will allow the company to provide a wider range of products to their customers.

Soundview Paper Company, LLC is located in Elmwood Park, New Jersey, and is owned by Atlas Holdings. Soundview is just one of the approximately 70 companies owned and operated by Atlas Holdings. Atlas Holdings employs around 9,000 employees around the globe. With the addition of Putney Paper and its approximately 130 employees will only add to the "Away-from-Home" segment of its businesses.

Putney Paper is known for using 100 percent recycled paper to manufacture its tissue and its product base includes high quality commercial towels such as tissue, napkins and paper towels. The purchase price and other details of the sale are not known at this time. It is also not known what will be done with regard to the current employees at Putney Paper.

Anytime a company is considering a business merger, there are several factors to take into consideration. Other than the business decisions that must be made with regard to the feasibility and benefits to be gained from a sale or purchase, there are inevitably legal issues that must be dealt with as well. In order to ensure that the sale and merger have the best chance at success, both companies may want to seek advice and assistance in making sure the transaction complies with all local, state and federal regulations and laws that are applicable to the merger.

Source: Times Argus Online, "Vt. paper company sold to New Jersey business," Jan. 7, 2013

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