PaperWorks Industries Inc. has completed the acquisition of The Standard Group. Founded in 1932, The Standard Group is a converter of custom printed paperboard packaging with a manufacturing location in Louisville, Kentucky.
“The Standard Group aligns well with PaperWorks in terms of emphasizing quality and innovation while serving customers which value sustainable, paper-based packaging,” says Brian Janki, President & CEO for PaperWorks. “This addition signifies a ‘return to growth’ for PaperWorks team members and further bolsters our position in North America. 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.”
By integrating The Standard Group’s folding carton facility in Louisville and welcoming 120 team members, PaperWorks will operate an integrated folding carton business including two mills and six converting facilities employing over 1,400 team members.
PaperWorks is a leading, integrated North American producer of 100% recycled paperboard and specialized folding cartons.
