Gould’s deep pockets

Gould has been busy on the paper-trail recently, signing on the dotted line to buy two independent paper merchants in the last month.

The acquisition of Southern Paper and Cascades Resources saw the billion-dollar paper company extend its reach across the US and into Canada for the first time.

 

Gould purchased Cascades Resources, the Western Canada merchant operations of PaperlinX Canada, at the beginning of October. This included facilities in Vancouver, British Columbia, in addition to Calgary and Edmonton, Alberta

 

The company’s entry into Canada proved to be a strategic choice with a ‘hands-off approach’ from the company’s president, Harry Gould.

 

"With Western Canada as the fastest growing segment of the Canadian economy, as well as having the lowest unemployment rate, Cascades Resources is very well positioned to capitalise on this growth, which is being driven primarily by energy related industries," says Gould.

 

"It is anticipated that the existing Cascades Resources approach to the market and its customers will remain unchanged. Our philosophy is, if an operation is working well, don’t try to change it."

 

Gould’s second acquisition, Miami-based Southern Paper, was more in tune with the company’s traditional growth over recent years. Gould will merge its existing Florida operation into Southern Paper’s 25,000 sq ft warehouse.

 

The combined operations will trade under the Southern Paper title and Miguel (Mike) Franquiz will serve as the President of the combined operations.

 

"There are many synergies to be realized with Southern and Gould, the most important being improved customer service and an enhanced and expanded product offering. Being part of Gould will permit Southern to expand its service platform through such added value services as EDI and paper management systems."

 

Once the operations are combined, it is anticipated that Southern Paper will grow significantly in the South Florida market.

 

Miguel (Mike) Franquiz will serve as the President of the combined operations.

 

"There are many synergies to be realized with Southern and Gould, the most important being improved customer service and an enhanced and expanded product offering, says Franquiz. "Being part of Gould will permit Southern to expand its service platform through such added value services as EDI and paper management systems."