Converd Merges with Fibermark
Tuesday, March 18, 2014
Press release from the issuing company
West Springfield, MA – FiberMark, a world-class fully integrated manufacturer and global distributor crafting its fiber based specialty materials in the U.S. and the U.K., announces that conVerd has agreed to a merger with FiberMark North America, Inc.
conVerd is recognized around the world for being the leader in providing sustainable paper based print media solutions to the wide and grand format print markets. conVerd’s philosophy is to create and market products that exhibit superior print performance and fitness-for-use with an eco-friendly conscience. The word conVerd is derived from the Catalan words “con” meaning with and “verd” meaning green.
conVerd will become a part of FiberMark’s wide and grand format ink jet business in which FiberMark’s wide format print product line will adopt the conVerd brand name. Paul Paulette, the current owner and President of conVerd, will join FiberMark as Vice President and General Manager of the new conVerd/FiberMark business unit.
“This is a very exciting acquisition for FiberMark and it is a perfect fit with our existing wide format ink jet business” said Chris McInerney, FiberMark’s Senior Vice President of Sales. The conVerd product line and the FiberMark wide format ink jet product line are both US manufactured, PVC free and FSC® certified. The combined FiberMark-conVerd business will, unquestionably, be the leading provider of green, PVC alternative print media for the wide and grand format digital print markets.
“The conVerd-FiberMark combination will enable conVerd to dramatically accelerate our growth opportunity” said Paul Paulette, the President of conVerd. Adding conVerd’s unparalleled product line and marketing acumen to FiberMark’s superior customer service, manufacturing and logistics capability will enable conVerd to grow at a rate that will give a meaningful and immediate boost to FiberMark’s top line.”
The deal is expected to close in mid-April. The new conVerd division of FiberMark will exhibit at International Sign Association trade show in Orlando April 24 through 26.
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