KapStone Paper and Packaging Corporation was formed in April 2005 to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries.
On June 23, 2006, KapStone Paper, through its wholly-owned subsidiary, KapStone Kraft Paper Corporation, agreed to purchase the Kraft Papers Business of International Paper Company. The business consists of an unbleached kraft paper manufacturing facility in Roanoke Rapids, North Carolina and Ride Rite.® Converting, an inflatable dunnage bag manufacturer located in Fordyce, Arkansas with aggregate 2005 revenues of approximately $223 million. The transaction was approved by the shareholders of KapStone Paper on December 29, 2006 and was consummated on January 2, 2007.
On July 1, 2008, KapStone purchased the Charleston Kraft Business from MeadWestvaco, which consists of a large paper mill in Charleston, SC; an on-site cogeneration facility; a lumber mill in Summerville, SC; and five chip mills. The acquisition effectively tripled the size of KapStone, while adding two paper grades to its product portfolio, saturating kraft, and kraftpak.®
Effective March 31, 2009 KapStone has sold its Ride Rite division to Illinois Tool Works Inc. On October 31st, 2011 KapStone acquired U.S .Corrugated Inc., the leading independent corrugated packaging producer in the United States, consisting of a recycled paper mill in Cowpens, SC and 14 box and corrugated sheet plants.
On July 18, 2013, KapStone completed the stock purchase of Longview Fiber Paper and Packaging, Inc. Longview, a leading producer of high performance multiwall paper, containerboard, specialty kraft papers and corrugated containers, consists of a 5 paper machine mill in Longview, WA, and seven box plants strategically located in key markets in the western US.
KapStone Paper’s common stock trades on NYSE under the symbol KS.