Gould completes Price & Pierce acquisition

Gould Paper has completed its previously announced acquisition of Price & Pierce from M-Real, the company’s chairman and president Harry Gould has disclosed.

The acquisition of Price & Pierce includes all the firm’s wholly-owned subsidiaries: Price & Pierce International, based in the US; Price & Pierce Finland, with offices in Helsinki and Dubai; and Price & Pierce (Asia Pacific), which is headquartered in Singapore and has offices throughout the Asia Pacific region.

Gould said: "Since the paper industry is now global, it is the company’s intention to evolve into a 50/50 split of business between domestic and international sales. With the acquisition of Price & Pierce, Gould will now have attained a 70/30 split, leaving additional room for international acquisitions.

"However, we are still committed to growing domestically," he continued, "and are actively evaluating several opportunities concurrent with the purchase of Price & Pierce".

New York (NY)