Gorham Paper and Tissue Announces $50/ton price increase to offset to offset rising raw material and energy costs.
Gorham, New Hampshire, June 19, 2013 – To offset rising raw material and energy costs, Gorham Paper and Tissue announced today a $50/ton price increase for Packaging and Lightweight printing grades effective with July 15th shipments.
Since the fall, Gorham has experienced double digit price increases in the areas of pulp, PCW, natural gas and power. The costs increases are too great for the company to offset through productivity improvements and cost savings programs.
“Our customers understand our need to balance profitability and competitiveness. We pride ourselves on pricing our consistency in the market; however, a 10-15% increase across the board for fiber and energy is impacting our margins,” said Brian McAlary, Vice President of Sales and Marketing for Gorham. “With a lens toward long-term viability, our decisions are building a stronger business that supports innovation, service and capital investment.”
Launched in 2011, Gorham has transformed its business through the installation of a state-of-the-art tissue machine and a sharpened focus on delivering highly engineered specialty papers.
About Gorham Paper and Tissue:
Gorham targets niche technical markets with broad portfolio of custom-engineered products including high-quality Specialty Packaging, Converting, Engineered and Printing Papers, Tissue and Towel. Using scale and leanness as an advantage, the company challenges industry convention in the areas of manufacturing flexibility, product development lead times and its go-to-market strategy.
In May 2011, the Gorham facility was acquired with support from investment funds managed by Patriarch Partners, LLC (Patriarch). Patriarch is a private equity firm and holding company managing 75 companies across 14 industry sectors with revenues in excess of $8 billion.
Founded by Lynn Tilton in 2000, Patriarch focuses on the acquisition and invigoration of undervalued iconic American brands where time, capital and sound strategy can rescue a business and restore its value, creating and preserving jobs in America.
Contact:
Pam Miller
Gorham Paper and Tissue
72 Cascade Flats
Gorham, NH 03581
203-829-4757
pam.miller@gorhampat.com
http://www.gorhampt.com/
