ARTICLE
The DAK Group, a leading investment bank specializing in middle market mergers and acquisitions worldwide, announces the sale of its client’s business, Paterson Papers, headquartered in Paterson, NJ to the Metro Division of Lindenmeyr Munroe of Purchase, NY. The DAK Group served as the exclusive investment banker and financial advisor to Paterson Papers, initiating and managing the sale process. This transaction capitalizes on Paterson Papers’ position as a fourth-generation distributor of fine paper products and deep long-term relationships with customers in the printing industry, corporations and small businesses. “ I am proud of our 107-year history serving customers in NY & NJ, and excited about this next step of our history. The DAK Group located a perfect partner with Lindenmeyr Munroe, one where we can bring additional services to our loyal customers” stated Michael Prell, President, Paterson Papers, who will now assume the role as Vice President, Lindenmeyr Munroe. Lindenmeyr Munroe is the largest privately help independent paper merchant in the US with a deep commitment to providing high quality customer service. “The owners of Paterson Papers have been able to monetize the exceptional business they have built, while gaining strategic resources to help strengthen their strong regional position” stated Elyse Greenbaum, Director, The DAK Group who led the transaction.