| Type | Public |
|---|---|
| Traded as | NYSE: KS |
| Industry | Pulp and Paper |
| Founded | April 2005 |
| Headquarters | Northbrook, Illinois |
| Key people | Roger W. Stone Chairman & CEO, Matthew S. Kaplan President, Andrea K. Tarbox CFO, Timothy P. Keneally General Manager |
| Products | Kraft paper, containerboard, lumber |
| Revenue | ▲ US$ 782.7 million (2010) |
| Operating income | ▲ US$ 68.7 million (2010) |
| Net income | ▲ US$ 65.0 million (2010) |
| Employees | 2,700 (November, 2011) |
| Subsidiaries | KapStone Kraft Paper, KapStone Charleston Kraft |
| Website | www.kapstonepaper.com |
KapStone Paper and Packaging is an American pulp and paper company based in Northbrook, IL.
The company has Kraft paper manufacturing facilities in Roanoke Rapids, NC, Cowpens, SC and North Charleston, SC[1], a lumber mill in Summerville, SC and 14 box and corrugated sheet plants. It has approximately 2,700 employees.
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KapStone was originally started as a Special-purpose acquisition company in 2005. It became an ongoing business concern when it acquired the Roanoke Rapids kraft paper mill from International Paper in January 2007.
In July 2008 KapStone acquired the Charleston kraft paper mill from MeadWestvaco.
In 2010, KapStone was ranked 5th in Fortune Magazine's list of 100 Fastest-Growing Companies[2]. In 2011 it made the list again, ranked 20th fastest-growing[3].
In October 2011 KapStone was ranked #10 on Forbes list on 100 Best Small Companies[4]
On October 31, 2011 KapStone acquired U.S.Corrugated, Inc. for $330 million[5].
KapStone produces sack paper, containerboard, saturating Kraft products, Corrugated fiberboard sheets and boxes, and construction lumber. The company’s paper brands include Kraftpak® and DuraSorb®.