Transactions

the assets of Reliable Paper Company, Inc. which include its subsidiary Combined Packaging, Inc. have been acquired by International Paper MERTZ ASSOCIATES acted as advisor to Reliable Paper Company, Inc. in designing a selling program, preparing offering materials, contacting potential purchasers, evaluating proposals and participating in negotiations

• RELIABLE PAPER COMPANY, INC., Milwaukee, Wisconsin, is a distributor of printing, reprographic and industrial papers. Annual sales are approximately $60 million.
   
• COMBINED PACKAGING, INC.,  Appleton, Wisconsin, distributes industrial paper, food service disposables, packaging supplies and equipment.
   
• INTERNATIONAL PAPER,  Purchase, New York, is a manufacturer and distributor of many types of paper including container board, fine paper, industrial papers and packaging products. Reliable and Combined Packaging will operate as part of International Paper’s Distribution Group. The addition of these companies brings the number of locations in International Paper’s Distribution Group to nearly 180.