GREEN BAY and CUDAHY, WI, Feb. 3, 2014 (Press Release) - Green Bay-based NPS Corporation, a manufacturer of Towel and Tissue and Spill Control Products, announced today that it has acquired National Tissue Company (NTC). NTC, based in Cudahy, WI, is a manufacturer of tissue, towels and napkins for the away-from-home market, with manufacturing and warehouse operations in Cudahy as well as in King, North Carolina. With the acquisition, NPS Corporation, which currently has operations in Green Bay and an affiliated company, Blue Ridge Tissue Corporation in Patterson, North Carolina, doubles in size.
"This acquisition creates an incredible opportunity. We are very excited about the complementary product lines, combined assets and capabilities that we will be able to offer our distributor customers," said Andrew Hetzel Jr., President and CEO of NPS Corporation. "National Tissue is a well-run, successful company and the merged entity will be well-positioned for growth moving forward."
Hetzel added, "Both firms have a similar corporate culture and work ethic, so we look forward to quickly building on the strengths of both companies."
NTC's President, Mike Graverson, along with the entire NTC leadership team, will be joining NPS effective immediately, with Graverson coming on board as Senior Vice President of Operations, Towel and Tissue Division. "It's a great opportunity for everyone at NTC to join forces with NPS," Graverson said. "The merger will provide additional operational capabilities which will provide a broader bundle of products to both NPS and NTC customers."
The terms of the sale have not been disclosed.
About NPS Corporation: Founded in 1996, NPS Corporation is a privately held corporation based in Green Bay, Wisconsin. NPS markets its towel and tissue products throughout North America and also offers a full line of spill control products that are distributed in more than 40 countries worldwide. Brands include Merfin, Response, Retain, React, Spilfyter and Sustayn by Spilfyter. For more information, visit www.npscorp.com.