Investors Buy Central Lewmar, Strategic Paper

Share this content:
Fine paper merchant Central Lewmar LP and paper consultants to the DM industry Strategic Paper Group LLC were acquired by private equity investors 5Star Acquisition Corp. and Chrysalis Capital Partners LP.


The new company will be named Central Lewmar LLC and be based in Newark, NJ. It will have $800 million in combined revenue, making it one of the largest privately owned distributors of commercial writing and printing papers in the United States.


The new company already announced its intent to proceed with a $2 million investment into its Newark automated distribution center.


Leslie F. Stern, 5Star's principal, will be president/CEO of the new company. Several members of existing management will continue in their roles, including Central Lewmar executives David Berkowitz, Donald Berkowitz, Jeffrey Ostroff and Ken Englander. Donald Heller and Al Gralnick will continue to lead the Strategic Paper Group team.


Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above