International Paper’s xpedx Acquires Fidelity Container
November 2007
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MEMPHIS, Tenn.—International Paper has acquired Fidelity Container Corporation, a U.S. independent packaging distributor. Fidelity Container provides value-added, custom designed packaging and related supplies, and is a full service provider of contract packaging and logistics services. Terms were not disclosed.
International Paper’s distribution business, xpedx, will operate Fidelity Container as a business unit.
“This combination is an exciting opportunity for International Paper, xpedx, and our customers,” says Tom Kadien, International Paper senior vice president and president of xpedx. “The acquisition of Fidelity Container will provide greater access to important customers and improved operating synergies, while meeting our selective reinvestment criteria. We believe the acquisition of a well-respected, customer-focused packaging business like Fidelity Container will enhance the value of our expanding distribution business.”
Fidelity Container employs approximately 40 people with operations in three Illinois locations—Elk Grove Village, Chicago, and University Park.
“Fidelity Container has a strong reputation for providing innovative solutions and great customer service,” said William Ross, president and CEO of Fidelity Container Corp. “By joining the xpedx network of [more than] 105 distribution centers and more than 150 retail stores in the U.S., Canada and Mexico, the combined business will be well-positioned for future growth,” he noted.
Fidelity Container Corporation
Fidelity Container Corporation is a U.S. independent packaging distributor. For more than 40 years, Fidelity Container has provided value-added, custom designed packaging and related supplies, and is a full service provider of contract packaging and logistics services.
For more information, visit Fidelity Container Corporation.
xpedx
xpedx is North America’s largest marketer and distributor of printing papers and graphics supplies and equipment. It is also a major distributor of packaging supplies and equipment and janitorial-sanitary supplies and equipment. Customers include commercial printers, publishers, manufacturers, retailers, facility managers, and companies across many industry segments served from more than 260 xpedx locations.
International Paper
International Paper is a global uncoated paper and packaging company with primary markets and manufacturing operations in North America, Europe, Russia, Latin America, North Africa and Asia. Its uncoated papers and packaging businesses are complemented by xpedx, North America’s largest distributor of printing papers and graphics supplies and equipment. Headquartered in the United States, International Paper employs approximately 54,000 people in more than 20 countries, and serves customers worldwide.
For more information, visit International Paper.
International Paper’s distribution business, xpedx, will operate Fidelity Container as a business unit.
“This combination is an exciting opportunity for International Paper, xpedx, and our customers,” says Tom Kadien, International Paper senior vice president and president of xpedx. “The acquisition of Fidelity Container will provide greater access to important customers and improved operating synergies, while meeting our selective reinvestment criteria. We believe the acquisition of a well-respected, customer-focused packaging business like Fidelity Container will enhance the value of our expanding distribution business.”
Fidelity Container employs approximately 40 people with operations in three Illinois locations—Elk Grove Village, Chicago, and University Park.
“Fidelity Container has a strong reputation for providing innovative solutions and great customer service,” said William Ross, president and CEO of Fidelity Container Corp. “By joining the xpedx network of [more than] 105 distribution centers and more than 150 retail stores in the U.S., Canada and Mexico, the combined business will be well-positioned for future growth,” he noted.
Fidelity Container Corporation
Fidelity Container Corporation is a U.S. independent packaging distributor. For more than 40 years, Fidelity Container has provided value-added, custom designed packaging and related supplies, and is a full service provider of contract packaging and logistics services.
For more information, visit Fidelity Container Corporation.
xpedx
xpedx is North America’s largest marketer and distributor of printing papers and graphics supplies and equipment. It is also a major distributor of packaging supplies and equipment and janitorial-sanitary supplies and equipment. Customers include commercial printers, publishers, manufacturers, retailers, facility managers, and companies across many industry segments served from more than 260 xpedx locations.
International Paper
International Paper is a global uncoated paper and packaging company with primary markets and manufacturing operations in North America, Europe, Russia, Latin America, North Africa and Asia. Its uncoated papers and packaging businesses are complemented by xpedx, North America’s largest distributor of printing papers and graphics supplies and equipment. Headquartered in the United States, International Paper employs approximately 54,000 people in more than 20 countries, and serves customers worldwide.
For more information, visit International Paper.
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