Intrepid announced today that it advised California Supply North, Inc. (Cal Supply North), a leading distributor of paper and packaging supplies, on its sale to Kelly Spicers, a division of Central National Gottesman (CNG), one of the world’s largest distributors of pulp, paper, packaging, tissue, newsprint, and plywood. The acquisition is part of an overall strategic push by Kelly Spicers to expand its growing industrial and retail packaging business.
With headquarters in Union City, Calif., Cal Supply North was originally founded in 1987 to serve the region’s sizable apparel industry. Since then, it has built a broad portfolio of customized packaging solutions for the food & beverage, medical devices, and electronics industries while continuing to grow in the footwear and apparel space. Over its 34-year history, Cal Supply North has built an incredibly efficient, service-oriented organization that consistently delivers on the complex needs of a broad network of marquee customers.
With eight regional locations and 27 retail stores serving the Western U.S. and Hawaii, Kelly Spicers is committed to ongoing investment in its core business of paper for commercial printers, packaging, wide-format products, and facilities solutions.
“After nearly 35 years of developing the business, the Cal Supply North team is excited to enter its next phase of growth under the Kelly Spicers umbrella,” said Bob Johnson, CEO of Cal Supply North. “With our culture rooted in integrity and customer service, it was essential to our team to select a partner with a similar approach to business. We feel that the culture of Kelly Spicers aligns well with our values, and we look forward to joining the CNG family.”
“Bob and his team have done an outstanding job distinguishing Cal Supply North as a trustworthy, reliable partner for its customers in the Northern California market. We are pleased to have been able to advise the company on this transaction and look forward to watching them succeed under the partnership with Kelly Spicers,” said Marvin Padilla, Managing Director at Intrepid.