Price & Pierce acquires GP Harmon Recycling’s European trading operations

Price & Pierce, a wholly owned subsidiary of Gould Paper Corp., headquartered in New York, has acquired the Netherlands-based European trading operation of GP Harmon Recycling LLC, a Georgia-Pacific company.

As part of the transaction, Price & Pierce says it has entered into a commercial supply agreement with GP Harmon Recycling that provides Price & Pierce access to recyclable fiber generated in the United States to ensure supply continuity for the company’s expanding European customer base.

Jim Costenbader, president of Price & Pierce, states, “The fiber trading business is a complement to our worldwide group in many ways.”

Jussi Harju, managing director of Price & Pierce Finland, comments, “The Amsterdam operation will be a particularly good fit for our Helsinki division, which has established activity in pulp and tissue. We look forward to having Jeroen de Vries join us as managing director of Price & Pierce Fiber and welcome his team as well.”

Founded in 1924, Gould Paper Corp. has revenue in excess of $1 billion and is among the largest distributors of printing and business papers in North America.

In 2010, Japan Pulp and Paper (JPP) purchased a 51 percent ownership position in Gould.

With this acquisition, Gould, in concert with JPP, has offices in virtually every major city throughout the world with total revenues in excess of $5 billion, the company reports.