Burrows Paper completes acquisition of remaining 75% in JV Innopak Heshan from Innopak Holdings, expands ability to provide global packaging solutions including conversion of specialty paper, board-based foodservice packaging products

Kendall Sinclair

LITTLE FALLS, New York , January 3, 2013 (press release) – On December 5, Burrows Paper Corporation completed the acquisition of the remaining 75 percent equity interest in Innopak Hong Kong Limited (the investment company that owns 100 percent of Innopak Heshan) from Innopak Holdings Limited. Until recently, Burrows was a 25 percent stakeholder in this joint venture packaging company.

The move further expands Burrows' ability to provide global customers with worldwide access to premium packaging for their products, company officials stated.

"We are very proud to welcome the Innopak team into the Burrows family," said Burrows Chairman, Chief Operating Officer and President Bill Burrows. "The synergy of our two companies holds great potential for mutually beneficial integration and significant growth opportunities. Through our shared values and commitment to quality, we will achieve our primary goal of providing superior packaging products to customers, as well as broader opportunities for employees."

Innopak Heshan is a converter of specialty paper and board-based foodservice packaging products. Innopak's current offerings include specialized hand carry bags, grease-resistant wraps, color printed clamshells and more.

The company was established in 2007 and its manufacturing facility is located at Longkou, Heshan, Guangdong, China. Stringent Good Manufacturing Practice and Hazard Analysis and Critical Control Point systems guide Innopak's ISO9001:2008 and QS registered operations.

"Burrows has a reputation for being innovators in the foodservice packaging industry," said Innopak Managing Director Paul Voo. "We look forward to investments that will enable us to further enhance the breadth of our product line and increase efficiency."

Burrows Paper Corporation is a worldwide supplier of light weight specialty paper and packaging solutions. Integrating nearly 100 years of papermaking expertise into its food packaging line of products, Burrows continues to grow as a family-owned company with an active third-generation owner.

"The acquisition is part of Burrows' strategic growth plan to meet the needs of companies that have selected Burrows as their preferred supplier for high quality, innovative packaging products." Burrows said. "Our complementary product lines – from eco-friendly clamshells and wraps to carry-out bags and more – expand offerings for both Burrows and Innopak customers."

Burrows is headquartered in Little Falls, New York, and operates four paper mills and five converting facilities domestically and abroad – New York, Ohio, Nevada, Iowa, Mississippi and The Netherlands. Its paper mills maintain the highest standards with ISO, HAACP and FSC certifications. Burrows is one of only a few companies capable of producing light weight printable tissue paper from 7.5 to 30 pounds (12.2 to 48.9 gsm). Burrows offers MG and MF paper grades that are used in a variety of applications, including medical and food packaging, and many industrial grade papers.

For information, visit burrowspaper.com or www.innopak.com.cn.

Burrows Paper Corporation is a worldwide supplier of light weight specialty paper and packaging solutions. The company incorporates nearly 100 years of papermaking experience into its food packaging line of products and specializes in innovative applications of light weight paper. Built on the core values of quality and customer service, Burrows was founded in 1919 and continues to grow as a family-owned company with an active third-generation owner. The company is headquartered in Little Falls, New York, with operating facilities located in New York, Ohio, Nevada, Iowa, Mississippi, The Netherlands and China.

Innopak Heshan is a converter of specialty paper and board-based foodservice packaging products. The company serves quick-service restaurants, convenience stores, bakeries, cafes, supermarkets and more. Innopak's manufacturing facility is located at Longkou, Heshan, Guangdong, China. Stringent Good Manufacturing Practice and Hazard Analysis and Critical Control Point systems guide Innopak's ISO9001:2008 and QS registered operations.

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