Fort Washington, Pennsylvania based PaperWorks Industries Inc. announced it has completed the acquisition of The Standard Group, a converter of custom printed paperboard packaging with a manufacturing location in Louisville, Kentucky founded in 1932.
“The Standard Group aligns well with PaperWorks in terms of emphasizing quality and innovation while serving customers which value sustainable, paper-based packaging. This addition signifies a ‘return to growth’ for PaperWorks team members and further bolsters our position in North America, said Brian Janki, President and CEO for PaperWorks. “The Standard Group meets PaperWorks’ strategic criteria including increased vertical integration, complementary geographic fit with our mill system and folding carton operations, while serving diverse end markets.”
Lou Cortes, President & CEO, The Standard Group, said: “We are excited to become part of an organization with an outstanding reputation and strong values that are in line with The Standard Group. PaperWorks provides an opportunity for the Louisville facility to prosper within a larger folding carton network, leverage broader technical capabilities, and benefit from mill integration to provide the highest levels of service to our customers.”
