"The acquisition of C.J. Duffey underscores our commitment to the paper distribution business in North America," said Andrew Wallach, CNG President and Chief Executive Officer. "The company enjoys a rich 70-year history in the Midwest, and we look forward to building on its strong presence in the region." 

Lindenmeyr Munroe President Bill Meany added that the acquisition is a great fit for his organization, the largest privately held, independent paper merchant in the U.S. and a leading distributor of quality commercial printing papers, business and communications paper, and packaging products.   

"We are confident that this acquisition will enable us to offer our customers and suppliers an unrivaled level of service," said Meany. "It allows us to strengthen our position in the important Midwest market, while reinforcing our ability to add value to the commercial print community."  

The transaction is expected to close March 31, 2016.