Rochelle Park, NJ – DAK, a leading investment bank specializing in middle market mergers and acquisitions worldwide, announces the sale of its client’s business, Paterson Papers, headquartered in Paterson, NJ to the Metro Division of Lindenmeyr Munroe of Purchase, NY.
DAK served as the exclusive investment banker and financial advisor to Paterson Papers, initiating and managing the sale process.
This transaction capitalizes on Paterson Papers’ position as a fourth-generation distributor of fine paper products and deep long-term relationships with customers in the printing industry, corporations and small businesses.
I am proud of our 107-year history serving customers in NY & NJ, and excited about this next step of our history. DAK located a perfect partner with Lindenmeyr Munroe, one where we can bring additional services to our loyal customers” stated Michael Prell, President, Paterson Papers, who will now assume the role as Vice President, Lindenmeyr Munroe.
Lindenmeyr Munroe is the largest privately help independent paper merchant in the US with a deep commitment to providing high quality customer service.
“The owners of Paterson Papers have been able to monetize the exceptional business they have built, while gaining strategic resources to help strengthen their strong regional position” stated Elyse Greenbaum, Director, DAK who led the transaction.
About Paterson Papers
For four generations, Paterson Papers has been distributing fine paper products to commercial and instant printers, in-plant print shops, corporations, graphic designers and small businesses. Our success is attributed to our excellent customer service and the ability to stay on the leading edge of technology in the paper, graphics and printing industry. Additionally, we are known for our unique perspective in maintaining personal relationships with both our customers and our vendors.
About Lindenmeyr Munroe
Lindenmeyr Munroe, founded in 1859, is the leading independent paper, packaging, wide format, and facility solutions provider in the U.S., supporting businesses with a comprehensive selection of products and services.
DAK is a leading investment bank serving middle market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations, and fairness opinions. Since 1984, DAK has executed hundreds of transactions across a wide range of industries. The DAK Value Accelerator is the proprietary process that allows clients to maximize the value of their business. DAK is headquartered in Rochelle Park, NJ.
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