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Kapstone Paper And Packaging Corporation Announces Approval Of New Contract Offer By AWPPW Local 153 Members At Its Longview Mill And Box Plant

NORTHBROOK, Ill., Dec. 15, 2016 /PRNewswire/ -- KapStone Paper and Packaging Corporation (NYSE:KS) (the "Company" or "KapStone") is pleased to announce that, yesterday, union members at its Longview, Washington paper mill and box plant, AWPPW Local 153 ("the Union"), voted to ratify and approved a new contract offer. The Union's bargaining board unanimously supported ratification of the new contract, which expires on May 31, 2024, for the 700-plus members of AWPPW Local 153.

Commenting on the contract ratification, Randy Nebel, President of KapStone Kraft Paper Corporation, said: "We are pleased with the outcome of the vote. The contract is a competitive agreement, both for the Company and our union employees at Longview. It provides us with greater stability at Longview to focus on building an even stronger business for our customers, employees and shareholders."

About KapStone
Headquartered in Northbrook, Illinois, KapStone is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The Company has 4 paper mills, 22 corrugated converting facilities, 65 distribution centers, and approximately 6,300 employees.

 

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SOURCE KapStone Paper and Packaging Corporation

Andrea K. Tarbox, Vice President and Chief Financial Officer, 847-239-8812